Analyst: The market's bearish sentiment is beginning to materialize, and ETH may test the $2000 psychological level.

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform: “ETH has fallen through $2200 without resistance. Yesterday, it was mentioned that large investors are continuously increasing their positions in put options, even very low strike puts. This kind of positioning continues today, but trading volume is now concentrated on the March expiry with $70,000 to $80,000, IV is rising rapidly, skew is quickly turning negative, indicating that large investors are shifting from short-term bets to medium- and long-term outlooks. The bearish sentiment is becoming more concrete from concerns. Based on years of experience, ETH is likely to test the $2000 psychological level.”