Absolutely — a CME gap like that often gets traders excited!
For context: CME (Chicago Mercantile Exchange) gaps occur because the futures market is closed on weekends, while crypto trades 24/7. If Ethereum's price moves significantly during that downtime, a “gap” appears on the CME chart when it reopens. Historically, many of these gaps tend to get "filled" — meaning price often revisits those levels.
So, with a $ETH CME gap between $2900 and $3100, it suggests there's a good chance ETH might dip into that range before continuing any significant move upward.
Translation for traders: Watch that area closely — whether it’s a pullback zone for longs or a target for shorts, that gap could be magnetic.
Want a chart to visualize this gap or a technical analysis on how $ETH might play it
