many people getting stuck with eth because they are buying eth in high price and if for now they sell, they only cut loss and never make profit but if they are patience to waiting for increase price, then i think they can make a nice profit. i think almost all of altcoin getting stuck and not just ethereum, because bitcoin price is really high and only if bitcoin price is down, then altcoin will have a chance to gets up again like yesterday and i think we need to waiting more.
actually many people are buying and have always bought ethereum because they have the illusion of ridiculously high prices. you can even see topics about $1000 for ethereum. and that my friend is a very dangerous thing for price of an altcoin and that is one of the reason why I mostly try not to invest in this coin anymore.
you see when people are buying an altcoin based on pure hype and they keep losing money and in the long term they don't reach their goals they eventually give up and dump. and by the time that type of dumping starts the price crashes hard.
that is not going to be a simple whales and day traders dumping, that will be anybody who ever had any fake faith dumping and it adds up to a lot of sell pressure.