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

Odaily News: Adam, a macro researcher at Greeks.live, posted on platform X, stating: "ETH has broken below $2,200 without any resistance. Yesterday, it was mentioned that large investors continued to increase their positions in Put options, even at very low strike prices. This positioning is still ongoing today, but trading has started to concentrate on options expiring in March with strike prices between $70,000 and $80,000. 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 atmosphere is beginning to materialize from mere concerns. Based on years of experience, ETH is very likely to test the key $2,000 level."