Ethereum Price Targets $3,270 or $3,069 After Compression

• Ethereum has entered a critical phase as price compresses within a symmetrical structure—a setup that typically precedes sharp directional moves. Recent analysis shows ETH squeezing into compression, creating a classic two-way scenario based on breakout direction. The asset remains trapped between converging trendlines following a steep decline, building conditions for significant volatility expansion.

• An upside breakout would likely push Ethereum toward the $3,270 range high, the next major resistance. This zone represents a key decision level—attractive for long positions on continuation, or shorts if price rejects. The overhead supply zone will determine whether bulls can sustain momentum.

• Conversely, downward resolution would send ETH to the $3,069 range low, the primary liquidity zone below current levels. This bearish scenario involves sweeping lower support before any potential recovery. Trading opportunities exist on both sides: the range high favors longs after confirmation and shorts after rejection, with inverse logic applying to the range low.

• Timing carries elevated risk, particularly during weekend sessions when thin liquidity hunts stop losses through false moves. As ETH coils inside the compression zone, traders await the breakout direction that could define the week ahead.

Source: Lennaert Snyder