Simple. The global economy deteriorated because of COVID-19 and the Russo-Ukraine war, while a major crypto exchange (FTX) collapsed. This caused Bitcoin to decline massively in price, taking along ETH and a few other cryptocurrencies down with it. You can see why the PoS upgrade had little-to-no effect over ETH's market price. If you really want to see ETH go all the way to the moon, then Bitcoin needs to rise first. Otherwise, don't count on seeing a return on your investment anytime soon.
For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts
Becoming rich overnight can of course be in crypto, because the high volatility of crypto makes price spikes very high with a note that you can find coins that have the potential to increase drastically. and also conversely people can become poor overnight as happened to SBF Ceo FTX who lost all his assets overnight due to FTX problems. the strong and holding them will win. Buying and holding ETH from now on will pay off well when the ETH price rises to $5k.For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts