Ethereum under $2K: ETH whales sell as retail remains bullish ETH’s price has entered a decisive breakdown stage of its prevailing technical pattern, indicating further declines toward $1,750 despite strong retail sentiment.
Ethereum’s native token, Ether (ETH), slipped below $2,000 for the first time since March, but retail traders have not reacted with panic yet
Key takeaways: – Ethereum retail data shows rising “buy the dip” sentiment, which may lead to more downside ahead. – Macro data, such as ETF net flows and whale behavior, show institutions are selling ETH. Retail FOMO warns of further ETH price dips As of Thursday, “buy the dip” calls on social media were surging after ETH lost the key psychological support level, according to data resource Santiment. That suggests retail traders are treating the decline as a discount opportunity rather than a warning sign.
Historically, excessive crowd optimism after a sharp drop can signal more downside ahead, as retail sentiment often peaks before prices stabilize. A stronger contrarian buy signal may emerge only when FOMO fades and panic takes over. “There will be an opportunity to buy Ethereum, but ideally you will want to wait for the majority to cool down their FOMO and begin to show panic,” Santiment said in a Thursday post, adding: “This way, you will be buying while there is true blood in the streets.” Institutional selling is overpowering bullish retail Larger Ethereum investors appear to be moving against retail dip buyers. Harvard University’s endowment fund recently liquidated its entire $87 million ETH position, while Bankless co-founder David Hoffman, one of Ethereum’s advocates, also disclosed that he had sold his ETH holdings.