Analysis: After ETH broke below the key support level of $2,000, retail investors showed a "buy the dip" sentiment, which may indicate that there is still room for further decline.

According to ME News, on May 28th (UTC+8), crypto market research firm Santiment pointed out that ETH fell below the $2,000 mark for the first time in history. Current market sentiment tends to view this price drop as a "discount buying opportunity," meaning retail investors are "buying on the dip." However, Santiment warns that this optimism may suggest further price declines, as retail investors often misjudge the market. Santiment suggests the real buying opportunity will come after market euphoria subsides and sentiment turns to panic. (Source: ME)