The post Ethereum Price Rally Faces Test With New CME Gap Formation appeared on BitcoinEthereumNews.com.

Key Notes On-chain data shows increased profit-taking, including a major ICO participant selling $9.91M worth of ETH. Glassnode reports short-term holders are realizing gains at levels well above December 2024. Popular analyst Michael van de Poppe predicts a near-term cooldown, with ETH touching $3,700–$3,800, if bitcoin enters a correction. With 21% weekly upside, Ethereum ETH $4 275 24h volatility: 2.2% Market cap: $516.35 B Vol. 24h: $31.67 B price is now trading at new 2025 highs of $4,300 amid strong bullish action. With a 60% increase in July, and another 20% upside in the last week, there’s a new CME Gap formation, which could haunt the bulls. After a solid rally, investors are wondering whether ETH has more gains left ahead. Ethereum Price CME Gap Could Haunt Bulls The ETH futures chart pattern shows the formation of a CME gap on the daily chart. Popular crypto analyst Rekt Capital identified a new weekly CME gap for Ethereum (ETH), located in the $4,092–$4,261 range. $ETH Ethereum has developed a brand new Weekly CME Gap (green) It is located between $4092-$4261#ETH #Crypto #Ethereum https://t.co/oDjZ07G9R6 pic.twitter.com/DYnbcO13WA — Rekt Capital (@rektcapital) August 11, 2025 The Ethereum price is already seeing some pullback in the gap range, from the highs of $4,300 earlier today. To fill the gap, ETH could correct further up to $4,092, before resuming the rally towards the upside once again. On the other hand, popular crypto analyst Michael van de Poppe believes that the ETH rally could cool down for a while before starting the uptrend once again. Extremely bullish period for the markets, where $ETH is close to a new ATH. However, it’s stalling above this important high. If Bitcoin makes a correction, then I’ll assume we’ll see $ETH at areas around $3,700-3,800 as a prime first area to start…

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Filed under: News - @ August 11, 2025 2:33 pm