Ethereum - CME Gap yet to be filled

2 sept 2024

#ETH/USDT #Analysis
Description
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+ As shown in the chart, the Bitcoin CME futures gap is still unfilled.
+ This gap was created during the sudden market crash driven by recession fears.
+ Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case.
+ Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level.
+ It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October.
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VectorAlgo

11 sept 2024

Nota

Price is below the support line now, need a strong push for recovery