Ethereum technicals are setting up an interesting scenario. If ETH manages an 11% rally from current levels, it would trigger roughly $2.95 billion in short liquidations across major exchanges. That's a meaningful amount of leveraged positioning that could accelerate upside momentum once triggered. Traders monitoring the derivatives market have been tracking this accumulation pattern closely—the kind of setup that tends to move quick once price breaks key resistance. Whether we see this unfold depends on broader market sentiment, but the math on the squeeze is worth keeping tabs on if you're positioned in ETH.