Ethereum opened with a notable price gap, different from the common Bitcoin gaps that usually close within 1-3 days.
While Bitcoin's gaps are typically reliable indicators, Ethereum's larger and rarer gap is now gaining attention.
Analysts suggest that Ethereum's gap could signal a potential local reversal point if the price moves downwards to close the gap.
Even though Ethereum's gap might not carry the same weight as Bitcoin gaps, it could provide insights into short-term price movements and be an area of interest for traders to monitor.