Analyst: Market Sentiment Turns Bearish, ETH May Test $2,000 Key Level
2026-02-04 15:27
Odaily 星球日报讯 Greeks.live macro researcher Adam posted on platform X, stating: "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 $70,000 to $80,000 strikes expiring in March, with IV rising rapidly and skew turning sharply negative. Large investors are shifting from short-term lottery-like bets to expressing medium-to-long-term views. The bearish sentiment is materializing from mere concern. Based on years of experience, ETH is very likely to test the $2,000 key level."
