Ethereum is nearing the $4,070 CME gap as whale accumulation intensifies and exchange reserves decline. Currently trading around $4,350, ETH has retreated from its recent peak of $4,800. The CME futures gap between $4,050 and $4,100 is drawing attention, with analysts suggesting potential price bounces from the $4,100 to $4,250 support zone. Large investors have increased their ETH holdings, while retail wallets have reduced theirs from 10.5 million to 8.7 million since March, indicating growing institutional confidence. Exchange reserves have dropped to 18.5 million ETH, the lowest in over three years, suggesting reduced selling pressure.