After ETH fell below $2000, market sentiment began to show a very typical phenomenon:

It's not panic.
But more and more people feel that "the opportunity has come."
Cryptocurrency market research institutions point out that after a major market decline, there are usually two types of emotions:
One is FUD, where everyone starts to fear and doubt that the trend has ended;
The other is FOMO, believing that prices are "on sale," and starting to buy the dip frantically.
And now, the ETH market clearly leans more toward the second.
Since ETH first dropped below $2000 on March 29, a large number of retail investors have been continuously "buying the dip," and the voices about "the bottom has arrived" are also increasing.
But the problem is:
When most people are still actively buying the dip, it often indicates that the true market sentiment has not yet cleared.
Historically, the real bottom often does not appear when "everyone is rushing to buy," but after the market has completely lost confidence, FOMO disappears, and sentiment shifts to panic.
In other words, the biggest risk in the market now may not be that no one dares to buy.
But that there are still too many people who think they have already bought at the bottom.