Ethereum Plunges Toward $2K as Smart Money Flees—Buying Opportunity or Bear Trap?
Whales are dumping. Retail is panicking. And ETH's price action looks uglier than a degen's leveraged position after a 20% pullback.
### The Smart Money Exodus
Institutional wallets have been quietly offloading stacks since the $2,500 breakdown. Now the $2,000 psychological support level is flashing red—just as gas fees spike from frantic trading activity.
### Liquidity Hunt in Progress
Market makers are having a field day harvesting stop-loss orders below $2,100. Meanwhile, crypto Twitter oscillates between 'buy the dip' memes and existential dread—classic bull market behavior.
Will this be another fakeout before the next leg up? Or is the 'flippening' narrative about to get flipped on its head? Either way, hedge funds will profit from the volatility while retail bags another 'learning experience.'