Analyst: The market's bearish sentiment is beginning to materialize, and ETH may test the $2000 psychological level.

SmartContractAuditor · 2026-02-04T20:15:08+00:00

Greeks.live macro researcher Adam pointed out that ETH has fallen below $2200. Large investors continue to increase their holdings of low strike put options, focusing on those expiring in March with a strike price between $70,000 and $80,000, indicating concerns about short-term downside for ETH. It is expected to test the $2000 level.

SmartContractAuditor

2026-02-04 20:15:08

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Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform: “ETH has fallen through $2200 without resistance. Yesterday, it was mentioned that large investors are continuously increasing their holdings of put options, even very low strike puts. This kind of positioning continues today, but trading volume is now concentrated on the March expiry with $70,000 to $80,000, IV is rising rapidly, and skew is quickly turning negative. Large investors are shifting from short-term bets to medium- and long-term outlooks. The bearish sentiment is beginning to materialize from concern. Based on years of experience, ETH is very likely to test the psychological level of $2000.”

ETH-11,39%

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