Is Ethereum cheaper in the U.S? Demand is starting to fade and…
Ethereum's current stability may be misleading, as underlying demand, particularly from U.S. investors, is weakening. The Coinbase Premium Index remains negative, indicating ETH is trading cheaper on Coinbase compared to Binance due to lower buying pressure or increased selling in the U.S. This persistent discount exists even during brief price recoveries, suggesting weak sentiment among American investors.
While large players (whales) remain active with consistently high average order sizes dominating spot activity, retail participation is notably absent. This one-sided market structure, reliant on whales without broader retail support, lacks staying power and makes any price upside fragile.
Technically, Ethereum is holding above $2,100 but appears shaky. The RSI is neutral, while the MACD is flat, signaling a loss of momentum in its recent push. Derivatives data align with this caution: Open Interest has declined from earlier highs, indicating traders are stepping back, and Funding Rates, while positive, show a lack of aggressive long positioning.
ambcrypto03/25 06:00