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Ethereum falls below $2k, whales turn bearish with big short bets while retail buyers step in.

Market News
28 May 2026
AMBCrypto
View Source
Bearish
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Ethereum dropped below the key $2,000 support level for the first time since March, hitting a low of $1,967 and sparking bearish moves among large holders. Several whales opened significant short positions, signaling growing pessimism, while retail investors bought the dip aggressively. Despite retail buying, the overall market momentum remains bearish with indicators suggesting further downside toward $1,700 before a potential rebound. Bulls need a daily close above $2,000 to shift the trend back upward.

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