Analysis: After ETH broke below the key support level of 2000 USD, retail investors showed a "buying on dips" sentiment, which may indicate that there is still room for further decline
By: rootdata|2026/05/28 20:45:01
0
Share
The cryptocurrency market research firm Santiment stated that ETH has fallen below $2000 for the first time since March 29. Typically, after a significant price drop, the market exhibits two typical sentiments: one is retail investors falling into FUD due to weak performance, and the other is the FOMO sentiment that views the drop as a "discount buying opportunity."
Santiment pointed out that the latter is currently emerging in the market. As ETH breaks below a key psychological support level, a large number of retail investors are starting to "buy the dip." It believes that this usually indicates that the price of ETH may still have further room to decline, as retail sentiment is currently too optimistic, and historically, the general market tends to make incorrect judgments. Santiment stated that the truly better buying opportunities usually arise after market FOMO cools down and sentiment shifts to panic.
You may also like
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Founder of Baixing.com: I believe half of the statement that large language models devour everything
The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?
A "legal" robbery? Attackers emptied the BonkDAO treasury by buying tickets
Handing over the keys to the vault to a public vote where "anyone can spend money to participate," without sufficient oversight mechanisms, even the most legitimate governance ideals may turn into the most convenient tools for attackers.
Should You Buy Bitcoin Now? What the Data Says After a 50% Pullback
Should you buy Bitcoin now? Explore Bitcoin's nearly 50% pullback, ETF outflows, on-chain data, Strategy's BTC sale, and historical trends to assess whether July 2026 is a buying opportunity.
WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
Trump, the best stock trader among U.S. presidents
Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.
From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?
Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.
Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date
The moment faith was securitized, Bitcoin became a bill.
OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Endorsements by Giants
The success of stablecoins does not rely on rallying a group of alliance members for marketing, but rather on whether they have real use cases and genuine users.
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
