This isn't the first time ETH has had massive drops, only to bounce back up within minutes. If people bought at the bottom, they must have been part of the manipulation. There was absolutely know way of knowing where it would stop, it was heading straight down. If I was a trader, I'd be very wary of continuing, but as a hodler I've learned to ignore these events. They are also great opportunities to buy more ETH low.
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Ya it won't be last time either, just keep holding and buy more in the dips