š„ $ETH / Ethereum ā Pressure Cooker Setup ā”
Price is accepting above $3,150, showing short-term bullish control. Weāre now compressing between that support and a dense liquidation cluster at $3,250 ā the level where the real battle sits.
Short interest at $3,250 creates a classic two-sided effect:
⢠Acts as a magnet that pulls price in
⢠Acts as friction as trapped shorts defend their entries
$ETH is absorbing supply at this node. A clean close above $3,250 would light up a short squeeze, with stacked liquidation targets stair-stepping all the way up toward $3,850.
Below, the board is empty ā long liquidation fuel is small, meaning thereās no incentive to dump price right now.
Hold $3,080ā$3,150, and the path of least resistance is up.
(ETHUSDT)
