The washout of ETH in the past 4 years has been thorough enough
1. The price fell from 4100 back to 1380, a drop of over 67%, and the price of 1380 is basically at the level it was 7 years ago.
2. The price in the past 4 years has mostly remained between 1300 and 4000 USD, and this price range, with long-term fluctuations and adjustments, has caused many indecisive people to exit and hand over their chips.
3. In the long cycle, with prolonged washouts, Ethereum may have changed hands to major players, which is not impossible. If Wall Street is indeed manipulating ETH, the future price of ETH may cause more people to start feeling anxious and panicked, wondering why they didn't get on board?
