Ethereum Closes CME Week Strong at $4,550 – What’s the Next Move?

Ethereum closed its CME (Chicago Mercantile Exchange) trading week at a strong $4,550, marking a period of bullish sentiment in the second-largest cryptocurrency. While this closing price suggests robust market support, analysts caution that weekend price action may remain stagnant or sideways, echoing similar patterns seen with Bitcoin ($BTC). The CME close is a significant marker for institutional traders and often influences short-term price movements. A strong weekly close typically signals bullish sentiment; however, weekends are known to bring unpredictable volatility due to decreased liquidity and lower institutional activity. ⏳