Can ETH break higher with liquidation clusters forming above $3,100?
According to ETH/USDT liquidation heatmap, dense clusters have formed just above the $3,100 mark. These areas could become focal points for volatility as leveraged short positions risk being squeezed.
If Ethereum pushes through this zone, a cascade of short liquidations could fuel rapid upward momentum. However, price rejections near these levels may lead to short-term pullbacks.
Thus, traders should monitor these zones closely. The reaction around $3,100 will likely dictate ETH’s next major move, especially as derivative pressure and spot demand converge.
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