For a currency like ETH, which is highly liquid and has a high proportion of retail investors, strong volatility is the only effective means of depopulating retail investors. Common tactics include:

Fake breakout: Continuously breaking previous highs for several days to attract retail investors to chase long positions, then crashing back to support.

Sudden crash and rebound: A sudden drop of -20% followed by a rapid pullback, forcing impatient investors to sell at a loss.

Therefore, retail investors can choose their trading strategies based on their own trading characteristics, different time frames, and position sizes, but it is always important to avoid naively believing that prices will go up or down and taking on high leverage, which could lead to liquidation.

So, assuming that in the next two weeks to a month, ETH really quickly rises to the previous high of 4870, will there still be a low entry price like the sudden drop to 2110 we saw earlier? I think the probability is low, after all, even if ETH's volatility is higher than Bitcoin's, it shouldn't be able to drop 50% in a bull market, right? While this approach may be effective in shaking out positions and accumulating, it also damages the structure and atmosphere of raising the price. If only institutions are buying and retail investors are completely sidelined, then how will institutions tell their story, and to whom will they sell their assets? Therefore, a healthy market must have enough depth, allowing space for both big whales and small fry to coexist.