Key Insights:
Ethereum price formed a new weekly CME Gap between $4,092 and $4,261 after July’s rally.
Market reports cited $10 billion in corporate ETH purchases.
Analysts say the gap could guide short-term trading if prices retrace from current highs.
Ethereum (ETH) price has formed a new Weekly CME Gap between $4,092 and $4,261, according to market tracking data.
Notably, the gap first appeared in early August following a strong July rally.
This is drawing interest from traders and analysts who are watching its potential impact on price movements.
Ethereum Price CME Gap Marks New Level to Watch
The Weekly CME Gap was first noted by a crypto market analyst, Rekt Capital, in a posting on the social media platform X.
His charts showed the gap marked in green between $4,092 and $4,261 on CME futures data.
In past market behavior, CME gaps have often been revisited, which means the price could return to that range before moving higher or lower.
Ethereum CME Gap Outlook
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