- Ethereum trades below $2,000 as unfilled CME gaps suggest potential retracements.
- Price action confirms lower highs and strong rejection near the $3,500 resistance.
- Stable volume and defended support hint at cautious positioning near $1,800 levels.
Ethereum’s price has slipped beneath multiple CME futures gaps as bearish pressure continues into early 2025. The market shows signs of controlled downward momentum, erasing most of the prior year’s gains.
Three Key CME Gaps Remain Open
Amid declining price action, several CME futures gaps remain unfilled above the current level. These gaps could act as future price targets. The market structure reflects continued lower highs and weaker bullish conviction.
According to market analyst Titan of Crypto, three Ethereum CME futures gaps remain open: $2,550–$2,625, $2,890–$3,050, and a partially filled $3,917–$3,933. In his analysis, gaps of this nature tend to act as magnets, with prices historically retracing to fill them. His findings revealed that the $3,917 region showed partial fill behavior before Ethereum’s most recent correction.
Source: Titan Of Crypto
Observing Ethereum’s price action, the asset peaked above 4,000 in early 2024 before retreating. The move created a sharp reversal pattern marked by lower highs and prolonged sell-offs. Titan noted these patterns align with previous setups where gaps eventually filled after extended consolidation or pullbacks.
Tracking market behavior, Ethereum attempted a recovery near $3,500 in early 2025 but failed to hold above $3,000. This failure contributed to a deeper correction that brought the price under $2,000. He pointed out a critical shift in buyer strength as each rally met stiffer resistance across key levels.
CoinMarketCap Data Confirms Broader Decline
CoinMarketCap data shows Ethereum’s price now trades near $1,800 after falling from highs above $4,000. The asset’s market cap followed a similar path, dropping from its 2024 peak and retracing toward early 2023 valuations. Throughout this move, liquidity remained intact without major flash crashes.
Examining trading volume fluctuations, spikes during key drops indicated reactive trading rather than panic selling. Volume stayed stable during the final quarter of 2024, reinforcing a pattern of structured exits. Despite the downturn, no abnormal volume behavior occurred as Ethereum approached lower support zones.
Analyzing liquidity shifts, the $1,800–$2,000 zone shows signs of defensive trading and longer holding periods. Sellers showed lower aggression compared to mid-2024’s sharp reversals. Buyers positioned around former congestion zones suggest this region holds short-term significance moving forward.
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