You people thinking ETH will bounce back are "cooked" like seriously.. denial much? they fucked up worse then anything i have ever seen in crypto.
the fact you even compare it to BTC's problems in the past is just ridiculous.
like reality check the exchanges are locked up and it has lost already .5 billion... in like 48hrs!
Companies (even multi-nationals and some oligarchies) steal and waste $trillions all the time. Nation-states also. The goals of decentralizing the behemoths is orders-of-magnitude more valuable than some $millions experimental losses along the way.