What these people are doing, is inflating the value, then selling it all off, so that the price goes back down. Then they take the profit they just made and buy more of the same Etherium they sold off and keep bumping the price up higher.
Its strip mining the wealth much in the same way they manipulate the stock market, and in the end, if you held on to the crypto too long, you lose.
Everything is tied to the stock market and when stocks have a bad day, so does Crypto. All of it is just a scheme for those who play the game to strip the wealth away from those who invest. Its like having a farmer maintain a wheat field and then in the middle of the night people from another town cut down all the wheat leaving nothing behind. Then the farmer has to plant and grow the wheat again and he also has to buy his bread from the store, instead of making it from the wheat he grew. Thats how Crypto and the stock market work.
"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist