Ethereum Approaches Weekly CME Gap Between $4,092 and $4,261

Ethereum is close to filling its CME Gap between $4,092 and $4,261, a key focus for traders this week.

ETH retraced after peaking at $4,347, stabilizing near the gap zone that may define near-term structure.

Downside levels at $3,724 and $3,575 remain open if support at the current CME Gap fails.

Ethereum is, as of writing, trading near $4,278.74 as it approaches its Weekly CME Gap between $4,092 and $4,261. Price action around this level is now expected to determine Ethereum’s short-term market direction in the coming weeks.

Ethereum Nears Weekly CME Gap Fill

Crypto analyst Rekt Capital noted, “$ETH Ethereum really isn't far away from filling its Weekly CME Gap (green). The CME Gap is located between $4,092-$4,261.” This statement placed renewed focus on Ethereum’s position near the gap zone.

Source: Rekt Capital via X

Historically, CME gaps on Ethereum and Bitcoin futures have often been filled as markets revisit untraded price areas. With ETH trading just above this level, market participants are closely tracking the potential for a full gap fill.

The weekly CME Futures chart shows Ethereum’s advance from early summer, which saw the asset surge past resistance to reclaim the $4,000 region. Price has since cooled but remains positioned near the highlighted range.

Price Stability Within Key Range

Ethereum’s rally pushed the asset to $4,347 before retracement began. Regardless of this retracement, ETH is still in range to fill the gap, around $4,09204,261, and this is now the first area of focus.

Should Ethereum be able to settle comfortably above this level, then the previous breakout may end up being verified. Building support here would also offer technical foundation of the possible extension up to the 4,500 mark.

Conversely, if ETH struggles to maintain footing in this area, selling pressure could increase. This would reduce the likelihood of further upward continuation in the immediate term and shift market attention to lower chart levels.

Potential Downside Levels to Watch

The chart data also points to unfilled CME gaps at $3,724 and $3,575. These levels may attract attention if Ethereum fails to hold its ground at the $4,092–$4,261 support zone.

Past cycles reflect similar retracement phases that later transitioned into broader expansions. The orange circle on the chart shows a prior correction period that was followed by strong upward momentum.

For now, the weekly close will remain the most important reference. A close within or above the CME Gap keeps Ethereum stable, while a breakdown could trigger moves toward the lower gap zones at $3,724 and $3,575.

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