Remember when ETH crashed from $20 down to $8 in a week? That was the end of the world. It sat there and did nothing for about 6 months. Agonizing. The death of ether. Will never come back.
And then a few months later it had gone up to $400. 50x gains. Ah, that was sweet.
Remember right after that when ETH crashed from $400 down to $200 in a month? That was the end of the world. Oh, the insults we had to bear here on the forum. The death of ether. Will never come back.
It took 2 months to come back to $400, the sat around $300 and did nothing for two months. That was the end of the world. Agonizing. The death of ether.
But then it came back and went to $1400. Ah, that was sweet. We were all picking out our Lamborghinis. Mine was orange.
Remember when it crashed from $1400 down to $650? That was the end of the world. The death of ether. will never come back.
Moral of this story: if you think ether is dying, if you think it will never come back, you're too young in this game or you haven't been paying attention. If you think after a while of ether doing nothing that it is suddenly going to go up to some ridiculous price, then yeah... you've been paying attention.
This logic doesn't only implies to ETH. It can be said for the market as a whole. Cryptos has undergone more severe dumps in the history and it always came back. We are just getting started and market is in its initial stage which makes high volatility a normal thing. Market lacks volume which makes whales control the amrket. But with time, market will get mature and whales will lose the hold. Then price might get rid of high volatility. Right now, being the early investors, we have to deal with high volatility.