Ethereum is showing stability as it continues to hold above an important technical level. For over two weeks, ETH has found support within its historical Weekly CME Gap, an area that previously acted as resistance in past cycles.
Meanwhile, this zone has attracted buyers and remains a key point of interest as the market assesses where prices might go next.
Key Support Holds as Price Consolidates
ETH first dipped into the CME Gap area around $2,900 on November 26. Since then, it has remained stable, trading above $3,200 by December 3. The zone also aligns with past consolidation ranges seen in 2024 and early 2025.
Rekt Capital noted that ETH has maintained this support for 2.5 weeks. The price continues to move within a narrowing range, supported at the bottom by the gap and capped by a descending trendline from the recent highs.
$ETH
Ethereum has been successfully finding support at its historical Weekly CME Gap (orange) over the past 2.5 weeks#ETH #Crypto #Ethereum pic.twitter.com/ns
We współpracy z: https://cryptopotato.com/ethereum-eth-holds-strong-at-key-weekly-cme-gap-support/
