Ethereum Price Squeezed at $3,100: Is ETH Coiling for a Violent Breakout?

Ethereum price

This pattern typically signals a transition toward a bullish phase once confirmed. A decisive weekly close above $3400 could validate the structure and significantly push ETH even higher.

At the same time, liquidation map data reveals a dense cluster of short-side leverage positioned above the current price level of $3,100. It means that a relatively modest upside of around 10-12% would be enough to trap billions of short positions to unwind, potentially accelerating bullish momentum.

From a network perspective, ETH’s active addresses and transaction activity have stabilized, reinforcing the view that Ethereum’s underlying usage remains intact.

Final Thoughts

Ethereum price is coiling above the $3000 mark, with price compression, rising liquidation pressure, and on-chain undervaluation, pointing toward a potential volatility expansion.

Amidst the bullish chart setup, a clean break above $3400 would strengthen the bullish case, while a dip below $2900 may activate selling pressure ahead.

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