GateUser-13faf6d3

$ETH has been ranging for 76 days Previous range lasted 71 days

$BTC has nearly filled the CME gap. It needs to hit >$77,125 to complete $ETH CME gap is still wide open, requiring a move to >$2,420 for a fill.

$BTC $ETH $SOL 1D / 2D / 5D candles will print in a little under 2 hours

$BTC wicked to HTF 2025 range low (red) at $78,153

239 days since $ETH made a new ATH in August 2025…

The other larger CME gap

$BTC CME BTC1! and $ETH CME ETH1! have large gaps due to the weekend dump $BTC gap = 3.32% $ETH gap = 5.93%

Current $ETH PA looks very similar

$ETH wicked to mid BB (20 SMA) on weekly

76k $ETH net taker spot sells since the dump from $2,400. Reset progress since Friday. Non stop persistent selling. $BTC is holding up a lot better. There’s been spot selling but not as aggressively or as much

$ETH update: 42k~ net taker spot sells since dumping from >$2,400 Spot CVD divergence (HL) from futures CVD (LL) Funding is negative at -0.0106, which means shorts are piling on and/or spot buying is pushing underlying asset price up and away from perps OI has fully unwound

$ETH 4H / 6H BBs already back in a low squeeze bc that pump was small and it retraced relatively quickly

$BTC $ETH $SOL 1D / 2D / 3D / 4D / 6D candles will print in less than 1 hour

$ETH aggregated spot CVD now showing +72k~ net taker spot buys in the last 18 hours.

CME $ETH ETH1! gap has been partially filled so far. ETH would need to hit $2,641 to completely fill the gap

This market kinda sucks imo. $ETH 2D / 3D / 4D BBs are in an extreme squeeze and it seems they might be reset with a very slow, limited pump but I hope I’m wrong. Also compare 2D and 3D BBs squeezes to June/July 2025 to see a stark difference

One thing I’ve been noticing the past month on $ETH options: Weekends have been uneventful for a long time, but only recently IV has started getting aggressively crushed right after NY Friday session close. And it’s not like the market just realised weekends are quiet either.