The connection issues on my end have subsided after Iron Banner ended. The connection was pretty bad even before Trials started for me and then it got worse. I've always been suspicious about Iron Banner and the server connection.
Just seeing how it's doing for everyone else while I continue to theorize.
EDIT: Issues have not fully subsided like I thought. PvE is still slightly worse than usual where enemies are almost fully reviving even and there are occasional moments in PvP where projectiles linger on contact before exploding. But it is a lot more bearable than last week.
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Mines fine on PS4.