When Bitcoin (BTC) is up more than 5% but altcoins are still struggling, it is not usually a good time to enter long positions. That is because we have a history of such incidents where Bitcoin (BTC) price action has lured investors into jumping back into the market only to find themselves holding the bags as the whales dump on them. The triple top on the 1H chart for ETH/USD shows that Ethereum (ETH) is going to have a hard time testing the $188 resistance. In fact, the most likely scenario is that the price will see a major crash towards the end of the week if it fails to break past $176. The price is now heavily overbought on almost all time frames and it would not be surprising to see a sharp pullback. It is alarming to see that most analysts as well as media outlets are talking about a rally towards $200 without realizing that ETH/USD has yet to break past a strong support turned resistance which came into being when the price broke market structure in November, 2018. This is not a level that can be breached in one go. Anyone who thinks so is either deliberately misleading traders or investors or has never seen a complete market cycle before. If the price of an asset breaks a critical support level, just like the $176 level for Ethereum (ETH) and continues to fall below it like ETH/USD did in the weeks and months ahead, it is going to take a lot of time and effort for the price to get back above it. To think how most of these so called analysts are predicting a rally straight to $200 is extremely disappointing as it is the retail traders that are going to get hurt at the end of the day. The professionals already understand these things and they are not going to FOMO into the market until there is a clear breakout with a proper follow through. The daily chart for ETHUSDShorts shows us exactly what is going on. The number of margined shorts for ETH/USD has been in a steady decline since February. ETHUSDShorts is now trading within a large falling wedge that could break to the upside anytime now. This goes on to show that the bears have yet to come to the market and the price is already showing extreme weakness. RSI for ETHUSDShorts shows that there is plenty of room for a rally. ETHUSDShorts has also formed a falling wedge inside the large falling wedge which will make it even easier to breakout. It also means that we could see the breakout a lot faster than anticipated. Most people think the bear market is over and a few sharp moves to the upside are enough to make them FOMO in because the price is already quite cheap compared to the previous all-time high. However, let us not forget that the next market cycle will be longer than the previous one and it may take Ethereum (ETH) years to reach the previous all-time high again. So, there is no reason to FOMO into the market at this point especially when ETH/USD is this overbought on major time frames and a sharp decline is already long overdue.