Using real money, I tested the real liquidity of Ethereum. The result is that the liquidity is extremely low. Those who are holding large amounts of money should not enter Ethereum for now; either wait for a pullback to gradually position themselves or give up on Ethereum altogether. Right now, Ethereum's liquidity is too low, and if big money enters, the market makers can crush you in no time, especially for contract traders. Think twice. Retail investors with small amounts of money don't need to be afraid; just watch the whales and trade against them. Right now, Ethereum is harvesting the whales. Nowadays, even 200 ETH can be called a whale; this situation is really hopeless.