Just a small correction, no need to panic. The correction of bitcoin before the halving is normal because after that the price of bitcoin will rise to a higher level. Bitcoin has reached $70K. I'm sure next week bitcoin will be at more than $70K. Let's see..
Yes, as you said, a price correction is really needed because whales need money too so they sell some of their money but fortunately not many were affected by the collapse of Bitcoin prices some time ago so it didn't make exchanges panic.
True, it is a very common when the price of such certain coins rising up, then, it will be decreasing again in few moment later. Market also needs certain tests for the support and resistant, so, this will actually influence how the market will be going on. Moreover, this is ETH. It is the best altcoin (for me and IMO). This coin is commonly following the movement of Bitcoin. ETH has second biggest market cap in cryptocurrency, so this is trusted enough. The reputation?
Never ignore or always believe it.
So, this will be going to be okay to see the Ethereum to be at the top price again later. We may only need certain time to manage again tot he higher rate. We are heading to the new ATH and know we can do it.