$ETH is stuck in a classic compression band between $2,620 and $2,780, and when open interest cools down like this, the market is usually loading up for an explosive move. Right now, repeated rejections below the 50 EMA and that $2,700 barrier show sellers are defending overhead liquidity aggressively. If buyers can cleanly reclaim and flip $2,700 on volume, we get a rapid squeeze toward $2,800. Lose the $2,580 base, however, and expect a swift sweep of local stop-losses before any real bottom forms. Don't jump early; let the range resolve itself.
$ETH