Ethereum Closes CME Exchange Gap at $3,250 - Technical Breakthrough Signals Altcoin Season Ignition

CME exchange News - Ethereum demonstrates remarkable resilience as it maintains steady trading momentum amid Bitcoin's consolidation phase. The ETH price successfully holds key support levels, capturing significant trader attention for its next potential upward move. A major technical milestone has been achieved: Ethereum has filled its CME gap, a phenomenon historically associated with accelerated price action and market momentum. This development occurred as ETH futures closed the gap at $3,250, with historical data showing over 80% of such gaps typically filled within weeks, often serving as a catalyst for sustained movement. Currently trading around $3,280, Ethereum maintains position above its critical 20-day EMA at $3,220, with strong support from the 200-day EMA at $2,950. The RSI reading of 58 indicates building bullish momentum without entering overbought territory, while trading volumes have surged 12% in the past 24 hours, reflecting increased market participation and institutional interest. As altcoins begin showing consistent momentum patterns, Ethereum's technical strength and CME gap closure position it as a potential catalyst for igniting the next major altseason cycle in the digital asset markets.