{"id":89330,"date":"2025-08-18T17:16:33","date_gmt":"2025-08-18T17:16:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89330"},"modified":"2025-08-18T17:16:33","modified_gmt":"2025-08-18T17:16:33","slug":"eth-price-targets-4070-cme-gap-after-hitting-key-zone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89330","title":{"rendered":"ETH Price Targets $4,070 CME Gap After Hitting Key Zone"},"content":{"rendered":"

TL;DR<\/p>\n

Whales are buying Ethereum aggressively while retail holders continue to offload during the current dip.<\/span>
\nEthereum\u2019s exchange reserves hit 3-year lows, signaling reduced sell pressure and rising long-term confidence.<\/span>
\nThe price hovers near the $4,070 CME gap, a zone that traders are watching for a breakout or reversal.<\/span><\/p>\n

Price Pulls Back Near Technical Gap<\/h2>\n

Ethereum (ETH) is now trading close to $4,350, after falling from recent highs near $4,800. The focus is on a CME futures gap between $4,050 and $4,100. These gaps occur when futures markets reopen after weekends and can often act as magnet levels for the price.<\/span><\/p>\n

Notably, the last time <\/span>Ethereum<\/span><\/a> filled a large gap like this, it went on to gain over 40% within weeks. Traders are now watching to see if the same pattern repeats.<\/span><\/p>\n

#Ethereum<\/a> Rushing To Close the CME Gap Sitting at 4,070$.<\/p>\n

Last time we closed a large gap, we saw a +40% move up in just weeks pic.twitter.com\/WRrvePsDbt<\/a><\/p>\n

\u2014 Bitcoinsensus (@Bitcoinsensus) August 18, 2025<\/a><\/p>\n\n

Analyst Micha\u00ebl van de Poppe <\/span>noted<\/span><\/a> that Ethereum has entered the first support zone and may bounce here. <\/span>\u201cI think we\u2019ll bounce from here, not the bottom,\u201d<\/span> he said, pointing to the area between $4,100 and $4,250. He labeled sub-$4,000 levels as a strong entry opportunity.<\/span><\/p>\n

A second level near $3,941 is marked on his chart, with a lower chance of being tested unless global tensions increase. Volume is rising into this correction, suggesting buyers may step in at support. The RSI is falling but has not reached oversold conditions, giving room for further movement.<\/span><\/p>\n

<\/a>Source: X<\/p>\n

Retail Sells While Large Holders Accumulate<\/h2>\n

Data from CryptoQuant shows retail wallets have reduced their ETH exposure since March. Holdings have fallen from 10.5 million ETH to 8.7 million. At the same time, large investors have increased their positions.<\/span><\/p>\n

\u201cRetail is selling $ETH. Whales are stacking,\u201d<\/span> posted CryptoJack, suggesting larger players are using the drop to buy. This shift may point to longer-term confidence from institutions and experienced traders.<\/span><\/p>\n

Retail is selling $ETH<\/a>.<\/p>\n

Whales are stacking $ETH<\/a>.<\/p>\n

FOLLOW THE SMART MONEY! pic.twitter.com\/ZOtJhlOPQK<\/a><\/p>\n

\u2014 CryptoJack (@cryptojack) August 18, 2025<\/a><\/p>\n\n

Exchange Supply Falls to 3-Year Low<\/h2>\n

ETH on exchanges has <\/span>dropped<\/span><\/a> to 18.5 million\u2014its lowest level in over three years. Mister Crypto called attention to the trend, <\/span>writing<\/span><\/a>,\u00a0<\/span><\/p>\n

\u201c$ETH is being taken off exchanges at record pace. SUPPLY CRUNCH INCOMING!\u201d<\/span><\/p>\n

A falling exchange balance often signals less selling pressure. The recent drop is sharp, shown in the chart\u2019s final section, where supply drops steeply in just a few days.<\/span><\/p>\n

Market Events to Watch This Week<\/h2>\n

Key macro <\/span>events<\/span><\/a> may influence short-term price movements. These include:<\/span><\/p>\n

Monday: Trump-Zelensky meeting in Washington<\/span>
\nWednesday: July FOMC minutes<\/span>
\nThursday: U.S. jobless claims<\/span>
\nFriday: Powell\u2019s Jackson Hole speech<\/span><\/p>\n

Recent inflation data (PPI) paused Ethereum\u2019s all-time-high push. Traders are now watching for potential volatility around these upcoming developments.<\/span><\/p>\n

The post ETH Price Targets $4,070 CME Gap After Hitting Key Zone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Whales are buying Ethereum aggressively while retail holders continue to offload during the current dip. Ethereum\u2019s exchange reserves hit 3-year lows, signaling reduced sell pressure and rising long-term confidence. The price hovers near the $4,070 CME gap, a zone that traders are watching for a breakout or reversal. Price Pulls Back Near Technical Gap […]<\/p>\n","protected":false},"author":0,"featured_media":89331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89330"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89330"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89331"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}