This has been the trend ever since, after we reach a higher price it will always go down but I don't see any reason to panic with this one because ETH was able to go up high when it hits the bottom. Now, we have another opportunity to buy so don't panic with this one.
The price pump easily but the same thing happen when its dumping.
Learn from this chart, and you will see a great pattern!
In my opinion, it was another attempt to create panic sell to lower the price to the maximum. As we can see, this failed, which means that the market stabilized and we will see further increases shortly.