ETH declines but retail investors' bottom-fishing enthusiasm remains high, while institutional trimming hints at a drop to $1,750.
Ethereum falls below $2000 for the first time since March, retail investors' buy-the-dip sentiment rises. Historically, overly optimistic retail investors often indicate that the bottom has not yet been reached, and true bottom-fishing usually occurs during panic phases. Institutions and whales continue to reduce their holdings, ETF net outflows, Harvard funds and others are clearing positions; Glassnode reports that since 2026, large whale holdings have decreased by 5%; BitMine still holds about 5.21 million ETH. From a technical perspective, breaking below the ascending wedge suggests the price may drop to around $1,750, with approximately 18% downside potential.