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.
![](https://public.bnbstatic.com/static/content/square/images/31ebd45cadfd4effa83b38413824cd97.png)
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.
![](https://public.bnbstatic.com/static/content/square/images/8bbd894172d64a1bbaf7f191661120bd.png)
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.
![](https://public.bnbstatic.com/static/content/square/images/a0eb5c38b3f443039085823d1a305afe.png)