December 2017: Bull FOMO || December 2018: Bear FOMO
To me this feels like December 2017 — except in reverse.
In my opinion the sell >> short cycle for ETH is nearing a point of diminishing returns.
Whales have 2xd or 3xd their stacks — accumulating heavily, and institutional investors are as well. Whales are moving large sums of eth to their wallets.
When things get crazy — in either direction — it's best to take a step back and think hard about what's may be going on behind the scenes.