Ethereum Price Hits 2025 Highs of $4,300 Amid CME Gap Formation
Ethereum Price Update
- Ethereum price reached $4,300, marking new highs for 2025 with a 21% weekly increase.
- The price surged 60% in July and another 20% recently, resulting in a CME gap formation.
- The CME gap is identified between $4,092 and $4,261, potentially causing price corrections.
Market Analysis
- Analyst Rekt Capital noted the new CME gap, while Michael van de Poppe suggested a possible price correction to $3,700-$3,800 if Bitcoin also declines.
- Profit booking is increasing as an early ICO participant sold 2,300 ETH worth $9.91 million, leaving 1,623 ETH valued at approximately $6.99 million.
- Glassnode reported that ETH profit realization peaked at $771 million per day in July, surpassing December 2024 levels, driven by short-term investors.
- Concerns were raised regarding Ethereum's long-term viability, with warnings from Samson Mow about shifting investments back to Bitcoin.