So far #Ethereum forms a long buy tail doji month candle. Its a bullish candle, but important to remember that price often revisit 1/3-1/2 of tail/wick length.

It doesn't have to happen on the next candle, although it happens a lot. For example here is $ETH week chart from March'23. Same bull flag pattern forming with long tailed doji - price went up without any major dip.

But it was revisited in any case. Yes, it took time, but it happened, as market doesn't like such inefficiencies.

So what to expect from #ETH in August? No one can tell. In my opinion it will be bullish in Autumn and 2025, but short term move is out of visibility.