ETH declines but retail investors are eager to buy the dip; institutional trimming suggests a drop to $1,750.

Odaily Planet Daily News: Ethereum falls below the $2,000 mark 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 pointed out that historically, overly optimistic retail investor sentiment often indicates that the market has not yet bottomed out, and the real buying opportunity usually appears during market panic.

Meanwhile, institutional and whale funds continue to reduce their holdings.
Data shows that since May 7, the US spot Ethereum ETF has experienced net outflows of over $470 million;
Harvard University's endowment fund recently liquidated 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, whale addresses holding over 10k ETH have decreased their holdings by more than 5%.
However, Tom Lee's BitMine still holds about 5.21 million ETH, accounting for approximately 4.31% of the total supply.

From a technical perspective, ETH has broken below the ascending wedge pattern,
analysts believe it may further decline to the $1,750 area,
which still leaves about an 18% downside potential from the current price. (Cointelegraph)