Caution! Ethereum trades below resistance, bearish potentialEthereum / TetherUSBINANCE:ETHUSDTMasterAnandaToday we can see a bullish breakout yet bearish potential remains intact. Ether (ETHUSDT) continues to trade below the "final resistance" zone while producing a red close on the last 4H candle. See the chart above. On this chart, you can see how Ethereum continues to close lower and lower with each passing day, with each passing week. There is nothing positive about it. It's been more than three weeks since the 6-February low and yet, the upper-resistance that needs to be broken hasn't been challenged once. The day after the crash the short-covering produced a market reaction that reached $2,152. This price level was then never challenged again. On a bullish bias, we would see this resistance level being challenged over and over and this challenges would make it weaker. So far, we see the production of lower highs and this is worrisome. Volume continues to decrease. The chart is technically sideways and the market mixed but notice the high level of uncertainty. Not once we see a wick above resistance. After three weeks, we should have at least 2-3 attempts at the said level if it was to break. Caution is advised. The next 4 days are key. The market can produce a flush, 3-6 March, and then reverse. Something similar to February, what most bulls least expect. The relief rally is supported by hundreds of charts, but it doesn't need to happen the next day. Only when the "final barrier" gets conquered, the bullish bias becomes confirmed. Any trading below resistance and we continue to protect against lower prices. Patience is key. The market will produce a better entry zone. Stay out! Thank you for reading. Namaste.