Ethereum Coinbase premium falls to 2022 levels, raising concerns over weakening institutional demand
Ethereum Coinbase premium falls to 2022 levels, raising concerns over weakening institutional demand
Ethereum (ETH) has recently been facing strong downward pressure as it threatens to fall below the $2,100 level. Market anxiety is growing in particular as the Coinbase Premium, a key indicator reflecting demand from U.S. institutional investors, has dropped to levels seen during the 2022 bear market.
According to a report by on-chain data analytics firm CryptoQuant, the 30-day moving average of the Ethereum Coinbase Premium Index has fallen to its lowest point since July 2022. The Coinbase Premium measures the price gap between the global exchange Binance and the U.S.-based exchange Coinbase. A prolonged low reading of this indicator suggests weakened buying demand from U.S. investors or stronger selling pressure compared to the global market.
Experts assess this decline in the indicator as a sign of absent institutional demand from the United States. As capital inflows from U.S. investors, which previously led Ethereum price rebounds, have slowed, short-term recovery momentum has weakened. However, some argue that an extreme negative premium may appear during a capitulation phase when selling pressure is exhausted. This interpretation leaves room for the possibility that it could represent a bottom signal near the end of a downtrend.
From a technical analysis perspective, Ethereum is currently testing the $2,100 support level. This price point serves as a psychological threshold and previously acted as a major supply zone during past upward cycles. If this support breaks, the next support zone could fall between $1,800 and $1,900. Market participants believe that until Ethereum regains the $2,400 to $2,600 range, it is more likely to remain in a technical rebound rather than enter a full trend reversal.
The cryptocurrency market is currently experiencing increased volatility as macroeconomic uncertainty coincides with risk-off sentiment toward risk assets. Investors are advised to take a cautious approach, watching for a return of the Coinbase Premium to positive territory and a genuine recovery in spot market demand. Ethereum’s future direction is expected to depend on the timing of renewed capital inflows from U.S. institutions.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on its content. The information should be interpreted solely for informational purposes.*
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