ETH CME Gaps: Unfulfilled Opportunities in Ethereum's Futures Market
Ethereum's (ETH) CME futures contract has historically shown a pattern of unfulfilled gaps, according to a chart by Colinbrogan5 on TradingView. The chart plots all of ETH's CME gaps across various time frames and calculates the probability of a gap being filled.
The current unfilled gaps are plotted as thick-dotted lines continuing up to the present time, while filled gaps are represented by thin solid lines terminating at the point where they were filled. The chart shows that many of these gaps remain unfilled for extended periods, with some still open after several months or even years.
This phenomenon is often referred to as 'gaps' in trading terminology, where there is a significant price movement without any corresponding trades on the exchange. Unfilled gaps can provide valuable insights into market sentiment and potential future price movements.