Analyst: Market Bearish Sentiment Begins to Materialize, ETH May Test the $2,000 Key Level

Odaily News, according to a post by Adam, a macro researcher at Greeks.live, on the X platform: "ETH has broken below $2,200 without any resistance. Yesterday, it was mentioned that large investors were continuously adding Put (bearish) options, even those with very low strike prices. This positioning continues today, but trading has started to concentrate on options expiring in March with strike prices between $7,000 and $8,000. Implied Volatility (IV) is rising rapidly, and skew is quickly turning negative. Large investors are shifting from short-term lottery-like bets to expressing medium-to-long-term views. The bearish sentiment is beginning to materialize from mere concerns. Based on years of experience, ETH is very likely to test the $2,000 key level."