⚡What is a CME gap?⚡
The CME closes on weekends, but the cryptocurrency market operates 24/7. If, for example, Ethereum closes on a Friday at $2900 and opens on Monday at $3100, then there is a $200 "gap" on the futures chart.
⚡Why does this matter?⚡
Many traders believe that these gaps tend to fill, meaning the price often returns to those levels at some point in the future.
It is a common tool in technical analysis to anticipate possible correction or retracement movements.
⚡What does it mean for ETH now?⚡
If ETH rose quickly and left a gap between $2900 and $3100, it is possible that:
The price temporarily drops to "fill" that gap.
Some # traders use that area as a bearish target or entry zone once it closes.
⚡Should you be worried?⚡
Not necessarily, but it is a technical signal to keep in mind, especially if you are thinking about entering or exiting a position. Not all gaps fill quickly, but many eventually do.