Someone with a lot of capital is trying to manipulate the price only to buy a lot cheaper. New investors are very sensible for such manipulations, and sell coins very cheap. What is happening means only that soon the price will go to space!
That is the strategy of the big investors, they do that because when they succeed in getting a low price many people who own coins will panic sell and that can be one way to get prices and pump easily. including what is experienced by eth coins.
And since people already understand that this is the strategy of the big investors, what are they then doing about it ?
Instead of them to be picking the dips, they are always busy panicking and at the end when they have been scared out, and the big whales have bought the bottom, the pump starts and they start rushing in to join FOMO over again.
This is something I expect that everyone should have at least gotten to understand that this is something that is always bound to happen in the market and you should put yourself in the position of an investor by buying the dips and selling the peaks.
Most of the top markets right about now are actually moving sideways and certainly for the whole market overall, bitcoin sure do have a great part to play in it. We all know how the direction of bitcoin has always generally affected general market as a whole and the decision that bitcoin makes from the present triangle is what would determine the course that the whole market will get to take in the long run.
With bitcoin hitting to the uptrend side and consolidating for a while, we will see the altcoins having a space to breathe and grow pretty well and ETH will most definitely not be left behind.