Now the market is filled with seasoned investors, and the difficulty of trading has increased exponentially due to serious front-running.
For example, 3400 was a position where many people were stuck with ETH. At that time, there was a temptation to buy; in the past, many inexperienced investors would sell off, and the price would generally rebound to this range after a drop, as most would cut losses. Now, it's different; people are not cutting losses and are adding to their positions, lowering their cost basis. Therefore, many people are closing their positions at break-even before reaching 3400, which is the challenging part...