Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching
Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The Coinbase Premium Index for Ethereum has fallen to approximately -0.16 — its lowest level since February — before a slight rebound brought it back toward -0.14 in recent sessions. The index measures the price difference between Ethereum trading on Coinbase against the US dollar and on Binance against USDT. When the reading is negative, Ethereum is cheaper on Coinbase than on Binance — a condition that directly ref