$ETH Intraday outlook: ETH on the small timeframe is currently consolidating at high levels, forming a triangle convergence pattern. If volume is released again to push prices higher, targeting 2380-2550.

The appearance of a long wick on the small timeframe indicates that the bullish momentum is weakening, suggesting a good entry point for short positions. In the evening, pay attention to Powell's speech to see how it might affect the market trend. A rate cut in March is already a certainty.

Short entry zone: 2380-2550. Defensive stop-loss if the price breaks above and stabilizes at 2600 (if shorts are being forcibly closed and it is safe, use 1/4 of the position for quick trades within this zone). 【Focus should still be on Bitcoin; ETH position size must be smaller than Bitcoin's】

Currently, it is not recommended to go long. If the small trend reverses and aligns with the larger bearish trend, you could be stuck for half a year!!!