This is because Ullr is sending us more snow, but also significantly higher temperatures in the meantime during the snowfall, so that there will probably still be a lot more snow at the top, but not much will happen or even disappear at medium altitudes. From the tree line upwards, we should then have more snow than we've had for ages. Some stations in Switzerland already have record values for the time of year, even with 25-30 years of measurements, e.g. in Wallis (Orzival) or here on the eastern Alpennordhang (Chüebodensee) of Switzerland.
So things are (almost) looking great for the weekend.
Alert period and areas
There are alerts in the north and west from the Maritime Alps to the Arlberg, although the rest of Austria is also at the alert limit. However, the core extends from the Lower Valais to France.
In the south, there are alerts from the Adamello and Upper Engadine to Slovenia.
The alert runs from Wednesday evening until Saturday morning.
Wind
It's going to be rough everywhere with solid storms. It will calm down in the north by tomorrow evening, while it will be extremely uncomfortable in the south-east until Saturday. Because of this and the fact that the low pressure system is moving across the Alps, it will reach as far as the main ridge. There will therefore be dangerous accumulations of drifting snow, which will then be covered up in the north!