Trading is dynamic, sharp drops in a bull market are both a norm and a necessity.
A few days ago, $ETH pulled a few hundred U in one day, but in the past two days, that last 100 U has been hesitating in front of the new high. Is the dog trader really short of that 100 U?
Often, the higher the previous high, the more repulsive the washout becomes. It's definitely impossible to chase a short position, after all, the bullish trend is still there. All we can do is take a gamble; it's been four years. ETH can't just turn around and leave when it's finally at the doorstep. At least give a momentum to break the previous high and push towards 5000, otherwise, what's the point of all this effort?