Summary
- Crypto trader "Mister Crypto" said that three gaps have formed on the CME Ethereum (ETH) futures chart.
- He noted that the gap between $2,200 and $2,310 is viewed as a key turning point.
- The outlet said that if the major CME gap zone is filled, a technical rebound could open the door for a recovery to around $2,700.
An analysis suggests that Ethereum (ETH) could reclaim $2,700 if it fills a Chicago Mercantile Exchange (CME) futures gap.
According to cryptocurrency-focused media outlet U.Today on the 17th (local time), crypto trader "Mister Crypto" said that three gaps have formed on the current CME Ethereum futures chart. Among them, the gap formed between $2,200 and $2,310 is seen as a key turning point.
A CME gap refers to a price vacuum that occurs when the futures market is closed over the weekend. The market is paying attention to the tendency for such gaps to be filled again during subsequent price moves.
The outlet reported that if the major gap zone is filled, a technical rebound could follow, opening the possibility of a recovery to around $2,700.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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