The Ethereum market has formed a CME gap between $1,707 and $1,765 following a strong breakout. According to statistical data, gaps that occur over weekends are likely to be filled before the next major move.
GreenCryptoTrades is watching for a retest of this gap zone with a potential bounce at the lower boundary. This could create a solid long entry opportunity.
The trade idea suggests entering inside the CME gap, between $1,710 and $1,725, with take-profit targets of $1,760, $1,800, and $1,900.
The stop-loss is set at $1,667, below the gap and the invalidation of bullish structure. The strategy aims to capitalize on the potential fill of the CME gap before Ethereum's next major move.