🚨 BREAKING: Ethereum has just seen its market value fall below $2,000 for the first time since March 29th. Traders typically react to a price plunge like this in 2 different ways:

😱 FUD takes over, retail begins to write off the token because of its under-performance. (More Common)

🥳 FOMO takes over, retail views the drop as an "opportunity to buy more" while the prices are at a "discount". (Less Common)

📊 In this case, the crowd is actually taking the less common route for the time being. Retail has erupted with "buy the dip" calls toward $ETH as a result of this drop below a key psychological support level. This typically means the price may have a bit further to fall, due to the crowd (which usually gets calls wrong) being too optimistic.

🕗 There will be an opportunity to buy Ethereum, but ideally you will want to wait for the majority to cool down their FOMO and begin to show panic. This way, you will be buying while there is true blood in the streets.

👀 Use this chart link to check out the ratio of positive vs. negative comments for over 4,000 cryptocurrencies here! Just toggle to the coin you’d like to view!