Is it normal to feel this way?

Over the past two months or so, I have been crushing on this boy. I didnt really realize how much I liked him, until a few weeks ago. We dont see eachother all that often, but when we do, we tend to talk a lot, and spend a fair amount of time with eachother.
But, he recently just got broken up with by a girl he really liked. He has been having a hard time with it.
I didnt really want him to know that I like him, seeing as how he is not over his ex yet, and I'm a pretty awkward, and shy person. Unfourtunatly, he found out, and I was really embarrassed. I spent time avoiding him, because I was afraid of what he would say to me about it.
Also, a lot of people had been saying things about me. Making false accusations about my feelings towards him. Which upset me, because it wasnt true.
Then, some people forced us into a position where we were alone together. He then asked to talk about the situation. I had to tell him how I feel towards him, even though he already knew. I also had to tell him what people have been saying. It was the worst position I've ever been placed in.
He told me that he thinks I am great and all, but he isnt ready for anything, as he still isnt over his ex.
Now, a few days later, we are once again speaking normally, and acting as we once did before. But now, it feels like he just hangs about me more. Now, even though he knows how I feel, he still treats me the same, all friendly. And, I dont know what to make of it, because, it all just feels so wierd, and it's confusing.
I'm not sure if I should just give up on him, even though I dont think I can, because I like him so much.
But, it's hard, because I'm young, and relationships are overrated. And I'm not really the type to believe in something so foolish as love, but I cant help but want somebody like that.
I dont know what to make of this situation.