$ETH Intraday thoughts: ETH on smaller timeframes is currently consolidating at higher levels in a triangle convergence pattern. If volume is released again and pushes higher to 2380-2550.

Smaller timeframes showing long wicks indicate weakening bullish momentum—enter short positions at that point. Tonight, pay attention to Powell's speech and its impact on market direction. March no-rate-cut is already a done deal.

Short entry zone for empty positions: 2380-2550. Defensive level at 2600 breakthrough holding (if there are shorts being liquidated and under safe conditions, use 1/4 position size for scalping in this zone). [Main focus should still be on BTC; ETH position size must definitely be smaller than BTC]

Do not recommend participating in long trades currently. If the small trend reverses and aligns with the larger bearish trend, you could be trapped for a large portion of the year!!