Ethereum Stabilizes Above Historical Resistance: A Look at Key Chart Levels

Ethereum is demonstrating resilience by holding above a crucial technical level that has historically acted as resistance for the asset in past cycles. The weekly CME Gap, a zone where prices have previously struggled to break through, now serves as a key support for ETH. This zone has drawn buyers and remains an area of interest as market participants seek clues about Ethereum’s trajectory going forward. 2.5 weeks of stability at this level is noteworthy, with price consolidating within narrow ranges supported by the historical gap.