A price gap in Ethereum has closed, and now everyone is looking to the sky with a price of $10,000 in sight? 💸📈
What a move, my people! 🤯 Ethereum just made a "giant leap" by closing that futures gap on the CME that had all traders watching closely. What does that mean? The brutal drop we saw, with massive liquidations of those betting on the rise, served a purpose: the price of ETH plummeted right in that critical zone, between $4,050 and $4,100, and bam! It filled the gap that had formed.
Now that gap has been filled, the landscape has completely changed. For those who don't know, CME gaps are like magnets; prices always tend to return to them. And the last time ETH closed one, it shot up over 40% in the following weeks. Coincidence? I don't think so.
But here comes the part that makes us think. Analysts are shouting "To the moon!" and not just because of that gap. Check this out:
Historic Break: On the monthly chart, Ethereum broke a resistance line that had been four years holding it back.
It's as if it finally broke through the glass ceiling after a long time. And not only that, a "golden cross" formed on the chart, a signal that in the trading world is like a blessing indicating a massive long-term momentum shift.ETH is leaving the Exchanges: The supply of ETH on exchange platforms has fallen to a minimum of 9 years. What does this mean? People are not selling; on the contrary, they are buying and withdrawing their crypto to keep it in their own wallets. Less supply available for sale, what does the price do? It goes up. It's the age-old law of supply and demand, but in digital form.
All this data, the closed gap, the break of the four-year resistance, and the supply scarcity are igniting the fuse for an epic bull run. Analysts are not joking when they say the next target could be $10,000. If this is confirmed, how would it affect the entire decentralized finance (DeFi) ecosystem and NFTs? And more importantly, are you ready for takeoff? $ETH
