We are in good condition i think you should buy right now it still not to late to join the party because i think ethereum can hit $5k before the end of this august. If you want to wait until the correction market i think it will take so long and you probably gonna miss the big opportunity. Buy it now and you will not regret it, but dont forget to do your own research.
Richard Heart stated that this is a bull trap, but If we have planned the entries and exits for both ends of the trade, we will never face any problems.
This is what separates the pros from the amateurs.
Btw, I agree with you. DYOR and Never blindly follow other people