Ethereum Price Nears Breakout Zone—Will Confirmation Push ETH to $3,000?

Ethereum price and the other cryptos are consolidating at their respective resistance ranges, probably awaiting Powell’s speech. With the FOMC key decision on interest rates underway, the markets are consolidating within a tight range. The Federal Reserve is expected to keep the rates unchanged, but all eyes will be on the Fed Chair Jerome Powell’s press conference, as his words could move the BTC, ETH prices and other altcoins. 

ETH Price Sandwiched Within a Liquidation Range

Ethereum is currently trading within a tight liquidation cluster, where both upside and downside moves could trigger significant forced liquidations.

Data shows that nearly $1.16 billion in short positions could be wiped out if ETH rallies by around 10%. This creates a potential short squeeze zone, where upward momentum can accelerate quickly as bearish positions get liquidated. However, the downside carries even greater weight.

Approximately $4.18 billion in long positions are at risk if Ethereum drops by 10%, indicating a much heavier concentration of liquidity below the current price. This imbalance suggests that the market may be more vulnerable to a long squeeze, where a sharp move down triggers cascading sell-offs.

In its current state, ETH is effectively “sandwiched” between two liquidity pools, but with greater pressure building to the downside. Such setups often lead to volatility spikes, as price tends to move toward the side with higher liquidity before establishing a clearer trend.

Ethereum Price Approaches a Breakout Range

Ethereum’s price structure is showing early signs of recovery after a prolonged downtrend, but the move is now approaching a critical resistance zone that could define the next trend. The chart highlights a parabolic recovery curve, suggesting that selling pressure has been absorbed near the $1,800–$1,900 range. Since then, ETH has formed higher lows, indicating a gradual shift in momentum as buyers step back in. 

The price is testing a key price range between $2,300 and $2,400, which aligns with both horizontal resistance and the lower boundary of the Ichimoku cloud. The RSI is incremental, reflecting strengthening bullish momentum. Meanwhile, the rally has entered the Ichimoku cloud, which suggests the price may remain consolidated while it remains within the cloud. Therefore, a breakout above this range may open the path toward $2,776, followed by a potential move toward the $3,000 to $3,050 range. 

On the downside, failure to hold above $2,200 may weaken the structure and pull ETH back toward $2,000, with stronger support resting near $1,822. At this stage, the Ethereum price is not in a confirmed uptrend yet—it is testing a breakout range, where confirmation or rejection will likely dictate the next major move.