ETH zone rose independently in the intraday yesterday, followed by the Ethereum effect, and the entire Defzone and L2zone varieties immediately followed the rise. Pectra, an upgrade of the ETH zone, is expected to go live on Mainnet on April 8th, with Testnet starting on February 24th. Moreover, with each upgrade, there will be a wave of speculation, and institutions should not miss this opportunity. With the landing of a series of Unfavourable Information, the market expectation is generally positive, and now it's a test of the patience of Holdings! Sideways may be a phase of accumulation. Many institutional investors are quietly laying out positions at low levels. Once the market welcomes Favourable Information, the overall market may rapidly rise and initiate a new bull run.

Bitcoin's intraday market maintains narrow range fluctuations. After a brief surge to 97000 in the evening, it fell under pressure and retraced deeply to 95139 in the early morning before bulls began to rebound and recover. The highest point reached in the early morning was 96396, where it faced pressure. The current short-term market remains weak, showing signs of entering a contraction with downward fluctuations. The consecutive rebounds and pullbacks actually imply potential risks of breaking below. The hourly candlestick chart shows more characteristics of washing out, lacking clear directional guidance. It can quickly recover lost ground with bullish candles after consecutive bearish candles, but also shows a rapid and unsustainable decline, lacking breakthrough momentum in the rise. During the contraction and fluctuation, wait for a solid candlestick volume breakthrough. Short-term operations still maintain high positions in the range and low positions in the air. Combining the hourly chart pattern during trading hours to find entry points.
Ether made an independent move from the market yesterday, inserting a pin at the 2632 level after noon and quickly rebounding. The highest point in the evening reached 2848 but faced resistance. Ether continued to probe lower in the midnight, reaching a low of 2685 before the bulls triggered a rebound, with the highest rebounding to 2777 in the early morning. Currently, on the 4-hour timeframe, there is a continuous pullback, with the candle breaking through the short-term moving average indicating a weakening short-term trend. However, the technical pattern on smaller timeframe is gradually adjusting and repairing, with a rebound and repair trend emerging at the tail end. After the hourly candle formed a lower shadow, there was no further attempt to create a new short-term low today. The price is repeatedly testing the high point of the range, but has not yet broken through, returning to the range again. In the short term, consolidation is still underway around the range. After a brief high pressure last week, the market did not continue to explore highs at the opening of this week. Yesterday's oscillation and decline returned to the range, showing some space for fluctuations but lacking sustainability, indicating that recent trend is characterized by repeated back and forth movements.