$ETH dropping below $2,000 is a major psychological hit, but what's interesting is that retail traders still keep aggressively buying the dip instead of panicking. That usually shows strong long-term confidence in Ethereum despite the short-term chaos. The problem is that retail optimism alone can't fully fight macro pressure. ETF outflows, liquidations, and geopolitical fear are still controlling the market right now, which is why every bounce keeps getting sold. At the same time, extreme fear conditions often create the best long-term setups. If ETH can reclaim the $2,100 area, sentiment could flip surprisingly fast because positioning already looks heavily washed out. Personally, I'm still bullish on Ethereum long term. Short term though, I'd rather wait for stabilization before getting too aggressive because the market still feels fragile.