All this what happened afternoon surprised to some people those were not ready for it. This market is dependent on fiat money and all this small rally of excitement showed us once again that whenever big players will want move the entire market easily. Bullish or bearish are just terms for justification. Nothing to worry ETH still looking very good.
You are right. Yesterday just like many times before that, cryptocurrency market showed us whales are in complete control of this market. they dump and pump whenever they want just to maximize their profit and it makes this market for average people too much unpredictable and risky. crypto market should find a solution for this issue or it will die a painful and slow death.