Now today, BTC rallies and ETH goes down against BTC, and the moment BTC dips, ETH also dips. It is being massively held down at the moment.
ETH apparently only mirrors BTC when it's a downward price movement, but never benefits from the opposite.
Whales and arbitrageur bots are keeping ETH down as they accumulate from weak hands.
This also tells me is that people are loading the boat and a price explosion is only a matter of time, especially as we near Aug 1.
Whales usually use large portion of their funds to buy at a stupidly low, manipulated price, then the remaining amount to kickstart the rally.
It's just a matter of time now. Get your cheap ETH while you still can because we will never see these prices again.
P.S. Replace ETH with nearly any alt.
You have a point and I was thinking the same thing too, I actually wondered why Eth went down and stayed there before August 1 when it was working perfectly fine weeks before. But you are right, it's shopping time for those holding other altcoins. Now is a good time to buy Eth because I can sense after this split there is a big possible explosion from this coin and we might regret why we didn't buy them while it is at its lowest.