$ETH is sitting on a pressure point — and a big move is coming.
Ethereum is stuck around $2,929, right between two dangerous zones. According to Coinglass data:
Below $2,800 → over $1.02B in long liquidations could trigger a sharp dump
Above $3,000 → about $843M in short liquidations could fuel a strong squeeze upward
That’s why price feels frozen — bulls and bears are both afraid to hit the other side’s “liquidation button.”
Technically, ETH still looks weak:
MACD remains bearish
Volume is low
Heavy resistance at $3,015–$3,100
But support is nearby at $2,880, with stronger backing around $2,700. Indicators are close to oversold, meaning any sharp drop could spark a fast rebound.
Bottom line:
ETH is coiled like a spring. The next break — above $3,000 or below $2,800 — could come with huge volatility. Until then, caution, small positions, and tight risk control matter most.
