$ETH Daily analysis: ETH is currently consolidating at a high level on the smaller timeframe, presenting a triangle convergence pattern. If volume is released again and pushes higher to 2380-2550.

Small timeframe long wick appearing signals exhaustion of bulls; consider entering short positions at that time. Pay attention to Powell's speech in the evening to see what impact it has on the market direction. The Fed not cutting rates in March is already a done deal.

Short entry zone with empty positions: 2380-2550. Defend the breakthrough and hold steady at 2600 (if you have shorts and can close them safely, consider using 1/4 position to scalp in this zone) 【The focus should still be mainly on BTC; ETH position size must be smaller than BTC】

Long positions are not recommended to participate currently. If the small trend reverses and aligns with the larger bearish trend, it could result in being stuck for half a year or more!!!