Because there is so many people who bought ETH for $0.25.
For $2
For $10
So if I buy it now at $1500 arent I dumb? Before I can ever make a profit all those people who bought it cheap will cash it out no?
The same the people who mined gold in 1900 are cashing out now like crazy... Probably the eth bought at 0.25 has changed hands dozen of times at different prices.
