Ethereum

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TL;DR<ul><li>Ethereum filled the $4,050–$4,100 CME gap after heavy liquidations drove prices sharply lower.</li><li>Analysts highlight a confirmed golden cross and breakout above a four-year descending resistance line.</li><li>ETH supply on centralized exchanges has dropped to a nine-year low, signaling strong accumulation.</li></ul><h2 id="b-cme-gap-closed-after-market-decline-b">CME Gap Closed After Market Decline</h2>Ethereum extended its decline this week, with heavy liquidations hitting long positions as the price dropped from above $4,600 to near $4,000. The move completed the closure of the CME futures gap between $4,050 and $4,100, a level closely tracked by traders.At the time of writing, ETH trades at around $4,200, down 1% in 24 hours and lower by 9% over the past week. Analyst CW <a href="https://x.com/CW8900/status/1958036393940381768" rel="noopener noreferrer nofollow">commented</a>,&nbsp;<blockquote>“long positions on $ETH have been destroyed, and the CME gap has been filled. Now the next target will be the short position.”</blockquote><blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> has filled the CME gap.And a rebound is beginning. <a href="https://t.co/XOqY8vD4em" rel="noopener noreferrer nofollow">pic.twitter.com/XOqY8vD4em</a>— CW (@CW8900) <a href="https://twitter.com/CW8900/status/1958032361469407236?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 20, 2025</a></blockquote>CME futures gaps often act as price magnets. As CryptoPotato<a href="https://cryptopotato.com/eth-price-targets-4070-cme-gap-after-hitting-key-zone/" rel="noopener noreferrer nofollow">reported</a>, the last time Ethereum filled a major gap, the asset gained more than 40% in the weeks that followed.Order book heatmaps show that liquidity around the $4,200–$4,400 range has been absorbed during the decline. With the gap now filled, ETH has begun to stabilize near support levels, raising the possibility of <a href="https://cryptopotato.com/eths-5k-chances-drop-from-64-to-26-as-traders-turn-cautious/" rel="noopener noreferrer nofollow">upward pressure</a> on short positions.<h2 id="b-long-term-breakout-on-monthly-chart-b">Long-Term Breakout on Monthly Chart</h2>Analyst Merlijn The Trader highlighted a major breakout on the monthly timeframe. ETH has moved above a four-year descending resistance line and formed a MACD golden cross. He wrote,&nbsp;<blockquote>“This isn’t noise. This is liftoff. Next stop: $10,000 Ethereum.”</blockquote>The breakout ends years of repeated rejections at the same trendline. A confirmed MACD cross is viewed by many chart analysts as a sign of longer-term momentum shifting in favor of buyers.<blockquote class="twitter-tweet">THE <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> BREAKOUT EVERYONE WAITED FOR.Ethereum just shattered a 4-year downtrend. Monthly MACD golden cross → confirmed.This isn’t noise. This is liftoff.Next stop: $10,000 Ethereum <a href="https://t.co/Mm83ZMvCAh" rel="noopener noreferrer nofollow">pic.twitter.com/Mm83ZMvCAh</a>— Merlijn The Trader (@MerlijnTrader) <a href="https://twitter.com/MerlijnTrader/status/1957819849792749807?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 19, 2025</a></blockquote><h2 id="b-exchange-supply-at-multi-year-lows-b">Exchange Supply at Multi-Year Lows</h2>Analyst Cas Abbé <a href="https://x.com/cas_abbe/status/1957837702293811416" rel="noopener noreferrer nofollow">pointed</a> to exchange data showing a sharp drop in available ETH.&nbsp;<blockquote>“$ETH supply on CEX has now dropped to 9-yr low. Big money is buying loads of ETH and then taking it off from the exchanges,” he noted.</blockquote><figure id="attachment_409264" class="wp-caption aligncenter"><a rel="noopener noreferrer nofollow"><img class="size-full wp-image-409264" alt="Ethereum (ETH) balance on exchanges" width="1200" height="675"></a><figcaption id="caption-attachment-409264" class="wp-caption-text"> Source: X </figcaption></figure>According to Abbé, exchange balances are now comparable to levels last seen when ETH traded at $30. They added,&nbsp;<blockquote>“This seems like an even bigger supply crunch than BTC, and it has not been fully priced yet.”</blockquote>With exchange supply shrinking and technical patterns turning positive, Ethereum’s price action is being closely tracked for signs of a potential rally.The post <a href="https://cryptopotato.com/ethereum-fills-crucial-cme-gap-is-10k-eth-the-next-target/" rel="noopener noreferrer nofollow">Ethereum Fills Crucial CME Gap: Is $10K ETH the Next Target?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ethereum Fills Crucial CME Gap: Is $10K ETH the Next Target?

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