Analyst: Bearish sentiment in the market is becoming tangible, and ETH may test the $2,000 level.

According to Odaily, Greeks.live macro researcher Adam posted on X, stating: "ETH broke through $2,200 without resistance. As mentioned yesterday, large investors have been continuously increasing their positions in Put options, even those with very low strike prices. This strategy continues today, but transactions are now focusing on March expiries with strike prices between $70,000 and $80,000. IV is rising rapidly, and skew is quickly turning negative. Large investors are shifting from short-term lottery-style bets to expressing medium- to long-term views. The bearish sentiment is becoming more concrete from initial concerns. Based on years of experience, ETH is very likely to test the $2,000 psychological level."