Critical Squeeze in ETH!

The ETH price is squeezed between two massive liquidation zones.

At the $2,947 level: $2.27 billion in short positions are under threat of liquidation.

At the $2,355 level: $1.06 billion in long positions are under defense.

The price is currently at $2,644, right in the middle of the two zones.

The market direction is unclear, and volatility may increase.

Regardless of the direction of the breakout, a strong liquidation wave could follow.