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ethereum CME gap at $4,080 spells disaster for the bulls 📉… brace yourselves for a potential crash as analyst predicts price retracement
wait, is ethereum gonna crash to $4,080 cuz of a CME gap?! 🧐 will this Elliot wave theory push it past $
ethereum faces potential downside pressure due to a looming CME gap at $4,080, historically indicating a price retracement before continuation; resistance at $
After a remarkable rally, Ethereum faces a potential obstacle with a looming CME gap. Historically, these gaps tend to be filled before price continuation. The current CME gap sits approximately 15% below Ethereum’s price, signaling a possible correction.
An analyst highlights strong resistance levels around $4,868, with potential rejection at previous all-time highs. The CME gap at $4,080 suggests a price retracement to fill the gap, potentially trapping late long positions.
The analyst also notes Ethereum following Elliot wave theory, with wave 5 potentially propelling it above $5,000. Failure to maintain control above $4,000 could lead to a deeper correction, aiming to fill a CME gap around $3,417-$3,461.
Ethereum CME GAP threatens recovery, why an accident at $ 4,080 is possible
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