- Ethereum CME gap sits between $2,405 and $2,641
- Analysts warn ETH could revisit lower support levels
- Rising realized profits suggest increased distribution activity
Ethereum CME gap between $2,405 and $2,641 has returned to focus as ETH struggles under renewed selling pressure. Analyst Crypto Patel highlighted the unfilled range while questioning whether Ethereum could revisit the gap soon or face a longer consolidation period before any recovery develops.
At press time, Ethereum traded near $2,223.81, down 3.19% over the past 24 hours. The recent decline erased much of ETH’s earlier monthly gains and pushed traders back toward defensive positioning.
Ethereum CME Gap Keeps Traders Focused on Resistance Levels
The current Ethereum CME gap sits well above spot price, making it a major technical area traders continue watching. CME gaps form when futures markets close while crypto markets remain active, often creating price imbalances that later attract market attention.
Crypto Patel noted that many historical CME gaps eventually filled, although timing has varied significantly across previous cycles. The gap zone between $2,405 and $2,641 now acts as an important resistance region if ETH attempts another rebound.
However, Ethereum’s broader technical structure has weakened recently. Analyst Ali Martinez pointed to a new weekly TD Sequential sell signal, an indicator that previously identified several large ETH moves. Earlier signals accurately preceded rallies exceeding 80% and corrections greater than 60%.
If bearish momentum increases, Martinez identified downside targets near $1,900, followed by deeper support around $1,565 and $1,090. He also described the $1,071 range as a potential long-term accumulation zone based on broader channel analysis.
Ethereum Profit Taking Adds Pressure to Market Structure
Santiment data showed Ethereum recently recorded nearly $74.58 million in realized profits across the network. According to the analytics firm, many traders accumulated ETH below $2,000 earlier this year and are now locking in gains during the latest correction.
The firm also reported elevated on-chain activity and price compression near the $2,240 area on lower time frames. That combination often reflects increased distribution as holders reduce exposure during periods of uncertainty.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
