Ethereum News Today: Ethereum Forms Key CME Gap After 49% Surge in 1 Month

Ethereum’s price movement has triggered a new weekly CME gap between $4,092 and $4,261 following a sharp surge in July, capturing the attention of traders and analysts globally. The gap, which formed after the cryptocurrency climbed over 49% in the previous 30 days to reach around $3,896 by August 8, has sparked discussions on potential price retracements and further momentum in the market [1][3]. The gap emerged as Ethereum reclaimed the $4,200 level for the first time since 2021, signaling a possible continuation of bullish trends [4].

The CME gap, a term used in futures trading to describe a price range that was not traded during a specific session or period, has historically been a point of interest for traders. When such gaps remain unfilled, they are often seen as zones of potential support or resistance. In Ethereum’s case, the formation of this gap raises questions about whether the price will consolidate within the range or break out to new levels [1]. Traders are closely monitoring the gap, especially as similar dynamics are being observed in the Bitcoin market, where a $116,500 CME gap has also been noted [5].

The surge in Ethereum’s price has not been an isolated event. It has been fueled by broader shifts in retail trading activity and increased institutional interest in digital assets. The cryptocurrency’s resurgence to levels unseen since 2021 highlights the growing confidence in its long-term potential. Analysts have pointed out that such rapid price movements are often preceded by significant on-chain activity and shifts in market sentiment [4]. However, it is important to note that forecasts for future price behavior remain speculative and should be treated as such [5].

As the market digests these developments, the next critical factor will be whether Ethereum’s price can sustain itself above the $4,200 level. If it fails to do so, traders may look for signs of a retracement into the CME gap range. On the other hand, a sustained breakout could signal a shift in the broader market narrative, reinforcing bullish expectations for Ethereum and other major cryptocurrencies [1][3].

Source: [1] Ethereum Price Creates New Weekly CME Gap, Here’s the Implication (https://www.thecoinrepublic.com/2025/08/11/ethereum-price-creates-new-weekly-cme-gap-heres-the-implication/)

[3] Up 49% in 1 Month, Is Ethereum a Screaming Buy Right ... (https://www.mitrade.com/insights/news/live-news/article-8-1026771-20250810)

[4] Bitcoin Price Eyes ATH With Falling Average Executed ... (https://www.newsbtc.com/bitcoin-news/bitcoin-price-ath-average-executed-retail-activity/)

[5] Bitcoin Near $120K As $18B Short Liquidations Loom With ... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-120k-18b-short-liquidations-loom-10-price-gain-2508/)