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ETH declines but retail investors' bottom-fishing enthusiasm remains high, while institutional trimming hints at a drop to $1,750.

MarsBitNews
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Mars Finance reports that Ethereum has fallen below the $2,000 threshold for the first time since March. Despite the continued weakness in price, social media data shows that retail investors’ “buy the dip” sentiment is still heating up. Santiment noted that historically, overly optimistic retail sentiment often signals that the market has not yet reached its bottom, and real bargain-buying opportunities typically appear during market panic. Meanwhile, institutional and whale funds continue to trim their positions. Data shows that the US spot Ethereum ETF has recorded cumulative net outflows of more than $470 million since May 7; Harvard University’s endowment recently cleared about $87 million worth of ETH holdings, and Bankless co-founder David Hoffman also disclosed that he has sold his ETH holdings. On-chain data platform Glassnode shows that since 2026, the holdings of whale addresses holding more than 10,000 ETH have decreased by over 5%. However, Tom Lee’s BitMine still holds about 5.21 million ETH, accounting for approximately 4.31% of the total supply. On the technical side, ETH has broken below the ascending wedge pattern. Analysts believe that it may further dip into the $1,750 area, which still leaves about 18% downside potential from the current price.
ETH-1.37%
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SugarAirdropDream
· 9h ago
1750 see
View OriginalReply0
BoredInBlockspace
· 9h ago
ETF continues to flow out, institutions are much more informed than we are.
View OriginalReply0
EchoesOfMistValley
· 9h ago
Waiting for a real panic sell-off, right now the sentiment is still too warm.
View OriginalReply0
TheKiteNeverLands.
· 9h ago
Rising wedge breakout, classic textbook pattern
View OriginalReply0
LateEntryLarry
· 9h ago
Harvard has already left, and I'm still stuck in my mindset.
View OriginalReply0
SlippageAfterTheRain
· 9h ago
If that 5 million-plus ETH from BitMine gets dumped, even 1750 might not hold.
View OriginalReply0

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