The structure shows clear sideways compression after a down move, indicating sellers are losing momentum while buyers quietly absorb supply within this zone.

Price is currently holding above the lower boundary and building stability, which is a positive sign. A breakout above the 0.0108 resistance could trigger a strong expansion toward higher levels.

As long as the range holds, this looks like accumulation rather than weakness. The move is building, waiting for confirmation.

ETH is currently compressing between key liquidity zones, setting up for a potential breakout move.

📍 Levels to watch:
Above: 2320–2350 → heavy short liquidity
Current: 2290–2310
Below: 2250–2270 → strong support zone

👉 Upside scenario:
Break into 2320–2350 → triggers short liquidations → fast expansion up

👉 Downside scenario:
Lose 2270 → opens move toward 2250
liquidity zone

⚠️ Right now it’s pure compression
Big move incoming, direction depends on which side gets taken first