Whale short ETH 25 times, I actually started to be afraid to short now

There is a particularly classic rule in the crypto world:
When everyone sees a market downturn, the danger is often not the bulls.
But the bears.
Recently, after ETH approached $2000, market sentiment has clearly started to turn pessimistic.
Especially after that whale with 25x leverage shorted 12,600 ETH, many people immediately assumed:
“It's over, it's going to crash.”
But here’s the question.
If everyone really thinks it will fall,
who will take the final hit?
That’s why I’m now more hesitant to hold a large short position on ETH.
Because the most skilled thing in the crypto world is:
— going against human nature.
What is ETH’s biggest characteristic now?
Weak.
But not weak enough to be hopeless.
This is crucial.
Before a real crash, the market usually shows signs of panic:
On-chain selling;
Stablecoin outflows;
Massive exchange deposits.
But right now, it’s not completely out of control.
What does it look more like?
Like a “stress test.”
Especially at the $2000 level, the market will definitely fight fiercely.
Because this is not only a technical level.
It’s also an emotional level.
Once it breaks below:
Media will write wildly “ETH loses $2000”;
Bears will open positions frantically;
Retail investors will start doubting life.
But it’s precisely because of this.
Many funds will instead try to defend the price here.
Because the greatest pleasure in the market is making most people uncomfortable.
My current leaning conclusion is:
ETH is likely to fluctuate around $2000 repeatedly by the end of the month.
It may temporarily dip below.
But not necessarily break convincingly.
Simply put:
It will fall for you to see;
but not necessarily make you feel comfortable to hold to the end.
And the real factor that will decide the direction might not be in May,
but in June.
Because the Federal Reserve, ETFs, macro risks, will all influence capital flows again next month.
ETH now is more like the low pressure before a storm.#Polymarket每日热点