According to CryptoQuant, Ethereum is currently positioned between zones of elevated liquidity that act as price magnets and influence order execution.

Observed zones and technical levels

CryptoQuant describes the market as "squeezed" between areas where liquidity clusters concentrate, which often attract price action and catalyze volatility.

• Support: around $2820, with a larger cluster spanning $2760–$2730.
• Resistance: the zone from $3000–$3100, noted as the primary barrier above current quotes.

High-liquidity zones represent price levels where many limit orders accumulate, and their presence can determine short-term directional bias and liquidity consumption.

Market context

When price moves toward these zones, execution of stacked orders may amplify moves and create rapid rebalancing of bids and asks in the order book.

CryptoQuant's identification of these levels highlights areas where traders and algorithms frequently place entries and exits, affecting intraday and swing dynamics.