It's actually healthy but not for the faint of heart that price is correcting a little bit, an hyberbole to $10 in two days would be great but it's not real in any way or form. I think the floors have to establish a little more, I can see even going 90-95 but I don't think this is a pump, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap, FOMO. Now, I do understand that placing huge money here it's very high risk though, I for one could not stomach that level of anxiety.
Percentage-wise, recovery from here is actually possible. The retraces on
Bitcoin's bubble to 260 were similar in magnitude, such as the retrace to 52.34 on 23rd March, from a peak of 74.9 two days earlier (-30.1%). For reference, the current drop is -25.7%.
New users to Polo is also increasing as fast if not faster than ever - approximately 1000 since yesterday (which is more than the day previously). As long as fresh meat floods in to refill the ranks of this Zulu-like army, the battle can continue.
On the negative side, the orderbook has been hit and volume from the last push was only marginally higher.
