Whats the point in shorting eth it is at -50% from ATH?

>>2774130
because it went 40x in a few months

The way I like to feel the market in case of such huge pumps is looking at the steady curve of growth up until the pump itself and just continue the stable chart as it WOULD have gone if not for the pump. Once the apex is reached and everyone starts dumping and panicking, he loss of confidence should take the price back down to where it "naturally" should have been. Not a guaranteed method at all, but I've noticed it holds true for these kinds of stable>boom>pop charts.