Ethereum Rebounds 6%, But Coinbase Demand Remains Weak
Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin HODLers Quietly Add 332,000 BTC Amid Market Chaos Below is a chart that shows the trend in the Ethereum....
Related News
Ethereum is attempting to reclaim the $2,200 level as market participants react to recent moves by US President Donald Trump in the Middle East, developments that have introduced renewed volatility across global risk assets. The reaction reflects a broader sensitivity to geopolitical uncertainty, with crypto markets showing mixed signals as traders reassess risk exposure. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B Despite the attempted recovery, the underlying data suggest that demand remains uneven. According to CryptoQuant analyst Arab....
Bitcoin continues to struggle below the $70,000 threshold, reflecting persistent market pressure after weeks of volatility and weak recovery attempts. Despite occasional rebounds from the $60,000 region, upside momentum remains limited, suggesting that demand has yet to return in a meaningful way. Market sentiment has shifted toward caution, with traders increasingly focused on downside risk […]
Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 4.3% increase in the past 24 hours. This rebound has sparked renewed optimism among investors, who are now looking for signs of further momentum in the market. However, while Bitcoin is showing signs of a potential uptrend, on-chain data suggests that market demand remains weak, which could impact the sustainability of this rally. Related Reading: Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In? Bitcoin Demand Drops Despite Price Recovery Recent on-chain analysis by CryptoQuant....
CryptoQuant’s Network Activity Index for Bitcoin has been locked in a downtrend, suggesting that demand for using the blockchain remains weak. CryptoQuant’s Bitcoin Network Activity Index Has Been Cooling Off As highlighted by CryptoQuant community analyst Maartunn in an X post, Bitcoin on-chain activity has been cooling off recently. The indicator of relevance here is […]
The Bitcoin price had quite an interesting performance over the past week, cruising to a new high above the $79,000 high early on before crashing to as low as $75,500 on the last day of April. However, the premier cryptocurrency has had a somewhat bright start to May, hovering around the $78,000 level. While the subtle price action resurgence suggests improving market sentiment, on-chain data shows that current demand is still insufficient to fuel a full recovery for Bitcoin — and perhaps the rest of the crypto market. BTC Apparent Demand Improving, But Still Not Sufficient: Analyst In a....