Don't look like a spider bite. and like someone else posted especially one that is a week old. There's no puncture site. That looks more like an internal skin issue, but it sure looks infected. If it was me, I'd drain it and I would not cover it. Drying out is the best thing for it right now. If it is painful, just open it and clean it as best you can and leave it open to drain further. If it is not overly painful, I'd squeeze the crap out of it to see if it has a core or maybe that ingrown hair you referred to...
I dont know what the correct answer is but I know I woulda drained that suckered as soon as it blistered. It's some kinda obsessive compulsive thing I got! I can't leave em alone.
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