Buying ETH now for $1300? Lol Whats the point? Ok maybe it can go to $3000 and you gain about 150% but what about those who bought it for $0.25 gaining 10029292010% ? Dont you want the same? So look at KoinOS and Banano and other promising LOW MARKETCAP PROJECTS.
As far as I know if it could be less than it dude. I remember you can use 100 bucks to get a few hundred thousand worth of RAI block in the past when the faucet was still giving a lot of reward and I guess those early adopters have become the millionaire from nano.
The only reason why people are still buying it due to the FOMO and HYPE. They wanna get profit from their trade and they didn't care what will be their position.
They only care about their profit. That's why there are lots of massive buys. People are still buying ethereum at the higher price consider it has a bright future.
People have their own reason for that.