Ethereum Holds CME Gap Support as Whales Add $426M in Long Positions
The post Ethereum Holds CME Gap Support as Whales Add $426M in Long Positions appeared on BitcoinEthereumNews.com.
Ethereum’s current price of $3,344 reflects strong support from a key CME gap on the weekly chart, with whales adding $426 million in leveraged longs to bolster stability above $3,000. This activity signals potential bullish continuation as demand persists in this historical zone. Ethereum price confirms robust support at the CME gap, driven by consistent buyer interest and historical price bounces. Whale accumulation in leveraged positions enhances momentum, maintaining price stability amid market fluctuations. Recent data shows $426 million added to long positions, reinforcing demand thresholds around $3,000 for Ethereum. Ethereum price holds strong at $3,344 above the CME gap, fueled by whale longs adding $426M. Discover how this support could drive bullish trends and what it means for ETH investors today. What is Ethereum’s CME Gap Support and Why Does It Matter? Ethereum’s CME gap support refers to unfilled price regions on the Chicago Mercantile Exchange futures chart that historically act as key levels for price reversals or continuations. Currently trading at $3,344, Ethereum has bounced from this zone, indicating sustained demand. These gaps often provide reliable support, as seen in past weekly chart patterns where price confirmations led to upward momentum. How Is Whale Activity Influencing Ethereum’s Price Stability? Whale activity has significantly bolstered Ethereum’s price, with large holders increasing leveraged long positions by $426 million, according to data from Satoshi Talks. This accumulation reflects growing confidence in ETH’s ability to hold above $3,000, countering short positions and stabilizing the market. Expert analysis from on-chain observers notes that major wallets, such as those associated with high-volume traders, are leading this charge, adding layers of buying pressure during recent dips. Ethereum’s price action around the CME gap demonstrates a pattern of resilience. Historical instances, marked by consistent bounces on the weekly timeframe, underscore the gap’s role as a demand…
