Ethereum Closes CME Exchange Gap—Potential Catalyst for AltSeason 2025 Rally

CME exchange News - Ethereum is showing strong resilience as Bitcoin consolidates, with ETH maintaining crucial support levels despite broader market caution. The cryptocurrency has successfully filled its CME gap—a technical event that typically precedes stronger price momentum—after rallying back to $3,250, a level previously left open on CME futures. Historical data indicates over 80% of such gaps tend to close within weeks, making this development particularly significant for traders. Currently trading near $3,280, Ethereum holds support above its 20-day EMA at $3,220, while the 200-day EMA provides stronger foundational support at $2,950. The RSI reading of 58 suggests building bullish momentum. This technical breakthrough raises important questions about whether ETH's movement could serve as the catalyst for the next altseason, especially as other altcoins begin showing renewed strength and momentum in the market.