There are a few adjustments we can make on this effect. Follow the tips below to tweak the final results.
If the effect is too strong, reduce the opacity of the top layer or change the blending mode from Overlay to Soft Light.

To adjust the saturation of the effect,activate the top layer anduse the Hue/Saturation tool (Image> Adjustments> Hue/Saturation) to modify the saturation.

Rollover the images below to see the before and after effect.

