I don't believe in any chart analysis, it's pure speculation. But ETH was slow compared to BTC in the last 2 days, it may go up against it, as it did before. But everybody is concerned before 1st August. The issue is not solved.
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You dont have to "believe" in technical analysis, it's just a tool to help you understand the dynamic of a market. Everything in a market is pure speculation, TA is a tool to speculate.