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I tend to have the same opinion. Although, right after posting this, alts turned green and ETH is really pumping. But these may be more like short bursts interrupted by BTC taking over, instead of sustained movements.
I believe the eth pump feels like those shortlived ones and might not be truly sustainable as you've also pointed out. until it's truly time. I saw the pump, and honestly I'm not surprised but I think I could be proven wrong..