ETH — CME Gaps as Price Magnets 🧲

When it comes to gaps on the Ethereum chart, it is vital to keep a cool head and avoid rushing to conclusions. Gaps are not a guarantee; they are zones of interest and potential magnets for liquidity.

What the chart shows:
First Gap ($2,073 – $2,117): This is the closest to the current price. Traditionally, the market first seeks to close the nearest inefficiencies. With the current price hovering around $2,150, this level is the first logical target during any local correction.

Second Gap ($2,405 – $2,665): A more global and "expensive" zone. To reach it, buyers need to break through current resistance. Such distant gaps can remain open for weeks or even months.

Market Sentiment:
The market structure currently looks "sticky" (viscous). Geopolitics and macro data continue to weigh on risk assets. Until we consolidate above the local highs, a move toward the lower gap remains the higher-probability scenario.

Will they be closed?
Eventually, yes. But don’t expect the market to rush to "stitch them up" at the snap of a finger. For now, the focus is on the immediate zone of $2,073 – $2,117. If we see a buyer reaction there, it will be a strong signal. If we slice right through it, the correction is only just warming up.

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