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Ethereum nears critical $2,000 support amid sharp declines and mixed signals from major holders.

Market News
29 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Ethereum's price is testing the crucial $2,000 support level after three weeks of decline totaling nearly 15%. BitMine's Ethereum holdings have dropped 90% from their peak, reflecting significant unrealized losses, while Tom Lee's portfolio has also seen a 43% reduction in profits. Despite this, large Ethereum holders continue to accumulate, with wallets holding over 100,000 ETH reaching a nine-week high, indicating sustained confidence. The market faces uncertainty as technical weakness contrasts with strong holder conviction, making the next price move critical for Ethereum's outlook.

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