Ethereum, from this point of view, I'm less likely to over-react

I understand that there are sophisticated models that may paint a more accurate picture. However I think that it is worthwhile to step back in these moments and review where we have been and where we are now.

I've drawn a line along the lows using the 3-day time period, as it relates to a 20-period EMA. Although we had a very steep run-up recently, from this view there is still reason to believe we are continuing along a trajectory of increasing value. The current price activity appears to be correcting to rejoin this longer upward path.

Could we retrace from this price level and begin a new trajectory downward? Yes it is possible but as larger institutions are investing using an even longer timeframe (weekly, monthly, quarterly) it is more likely we will continue along this path this year. That's not financial advice but just to say, given how long this path has been established at this point any change in this trajectory would take months to form.

All the best in your trades.