Ethereum's price has dropped below the $2,000 mark for the first time since March 29, according to a report by Santiment on May 28. The decline has triggered a 'buy the dip' sentiment among retail investors, who view the price drop as a buying opportunity. This sentiment suggests that Ethereum's price may face further downside, as retail optimism often precedes market corrections. Santiment highlights that while retail investors are currently optimistic, better buying opportunities typically arise when market sentiment shifts from FOMO to fear. The current trend indicates that the broader market may have misjudged conditions, with potential for further price adjustments as sentiment evolves.