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Ethereum Price Could Surge to $3,200 as CME Futures Gaps Remain Unfilled

  • Ethereum (ETH) is showing strong momentum with a potential breakout to $3,200 driven by rising trading volumes and bullish sentiment.
  • The recent surge in Ethereum's price, currently at $2,666, has reignited discussions about unfilled CME futures gaps near the $3,200 mark.
  • Market analysts suggest that historical price behavior indicates these gaps tend to get filled, acting as future price magnets for Ethereum.
  • Despite concerns of an 'overheated state,' there is strong long-term conviction in Ethereum, with institutional inflows and low holdings on centralized exchanges.

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