Recent days' Ethereum market movements have indeed reached a critical point that can easily trigger volatility. After several days of sideways consolidation, liquidity has been compressed into an extremely narrow range—between 2900 and 3100. This range may seem small, but for traders who have been watching the market for years, it is precisely the calm before the storm. Black Friday's opening often comes with volatility, and with the triangle pattern already approaching a breakout point, the combination of these factors makes it hard not to feel that a major wave is brewing.

From a liquidity perspective, the recent fluctuations have pushed both long and short orders into this "narrow box." Once the price breaks through either end, a chain reaction of liquidations will be triggered. Within this range, the levels of 2950 and 3050 are particularly noteworthy—they are areas with dense liquidation clusters. If these levels are broken, a large number of stop-loss orders will quickly follow, directly amplifying market volatility.

On the technical side, Ethereum's price is currently hovering around 3000, with the triangle consolidation zone nearly converged, like a tightly wound string, ready to snap in any direction. The 3010 level above is the first resistance that bulls need to break through. Once a volume breakout occurs, the short-term momentum could push the price to around 3030. For those without proper risk management, now might be a good time to adjust. New entrants should consider observing the direction confirmation of this wave before making decisions.