ETH Price Prediction: Two CME Gaps at $2,300 and $2,700 Target Ethereum Bulls
Ethereum futures on the Chicago Mercantile Exchange are currently showing two open upside CME gaps at $2,300 and $2,700. With ETH trading near the $1,900 to $2,000 range, these levels are emerging as potential technical targets if price reclaims the key $2,000 to $2,200 resistance zone.
Ethereum CME Gaps Draw Trader Attention
Ethereum futures traded on the Chicago Mercantile Exchange are currently showing two open upside CME gaps at $2,300 and $2,700. With ETH hovering near the $1,900 to $2,000 range, these price inefficiencies are now being closely monitored by technical traders assessing potential upside scenarios.
CME gaps occur when futures markets close over weekends or holidays, creating visible price imbalances between trading sessions. Historically, such gaps are often revisited as liquidity returns, making them structured reference levels in Ethereum price prediction models.
Key CME Gap Levels
First Gap at $2,300
The first upside CME gap sits at $2,300 on the 4 hour Ethereum futures chart. Technically, this level is positioned just above a critical resistance band and aligns with broader supply and demand dynamics shaping current ETH price action.
The $2,000 to $2,200 region has repeatedly acted as a reaction zone. Recent finly.news coverage of ETH tests 1957 support and the 1866 target provides context on how layered support and resistance influence retracement behavior below major technical thresholds:
In addition, the $2,300 level overlaps with prior areas of supply and demand interaction around $2,000 to $2,200. This confluence strengthens the probability that the first CME gap could be filled if ETH reclaims the broader resistance band and confirms acceptance above it.
Second Gap at $2,700
The second CME gap at $2,700 sits materially higher and would likely require a structural shift rather than a short term bounce.
Previous analysis, including Ethereum testing the 2k-2.2k weekly demand zone in April 2025, highlights how persistent supply within the $2,000 to $2,200 range has capped multiple upside attempts:
Additional coverage of ETH tests key 2k-2.2k demand zone will support hold or break further outlines how this resistance band continues to define the broader technical structure:
Before Ethereum can realistically attempt a move toward $2,700, it must establish sustained strength above the $2,000 to $2,200 supply region. A confirmed breakout and hold above that structure would make the $2,300 gap the logical intermediate objective before any continuation toward higher levels.
Why It Matters
CME gaps are widely monitored because they frequently function as medium and long term price magnets. When such gaps remain open above current price, they often become reference targets during bullish rotations.
In this case:
- The $2,300 gap is technically within reach if liquidity conditions improve.
- The $2,700 level would require stronger momentum, broader participation, and improved market sentiment.
- Both levels now serve as structured reference points for resistance, risk management, and breakout validation.
For traders, these gaps help define risk to reward scenarios rather than acting as guaranteed targets.
What Comes Next for Ethereum
Whether Ethereum revisits the first gap at $2,300 or advances toward $2,700 depends on three primary factors:
- Liquidity expansion within the broader crypto market
- Sustained acceptance above the $2,000 to $2,200 resistance zone
- Confirmation of bullish continuation on higher timeframes
Within the current market structure, the lower gap appears technically realistic if ETH can reclaim overhead supply. The higher target remains conditional on a stronger bullish reversal rather than incremental upside.
Conclusion
The $2,300 CME gap represents the more actionable technical objective in the near term if Ethereum reclaims the $2,000 to $2,200 range with expanding volume. The $2,700 gap remains structurally valid but would likely require a broader momentum shift.
Both levels remain technically relevant and may influence Ethereum price behavior in upcoming cycles as traders monitor liquidity imbalances across futures markets.
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