Coinbase Premium stays negative as Ethereum climbs back above $2,100

ETH reclaimed $2,100, but the Coinbase premium stayed negative. Short-term US bid looks weak.

The Coinbase Premium Index for Ethereum tracks the price gap between Coinbase USD and Binance USDT pairs. It flipped red in recent days and sat near -0.0149 over the past day, even as ETH moved back above $2,100 source.

That pattern implies lower ETH prices on Coinbase than on Binance. Selling pressure looks heavier on Coinbase. The rebound likely leaned on Binance demand source.

If the premium stays negative, momentum could fade. US institutional flow typically prefers Coinbase source.

Longer view. ETH’s rebound from $1,800 followed a retest of the MVRV ratio near 0.8 after dropping below 1.0. “Historically, this is a ‘Generational Buy’ zone,” wrote analyst Ali Martinez source.

Key points
- Coinbase Premium Index for ETH near -0.0149 and negative for days source
- ETH reclaimed >$2,100 on the bounce source
- MVRV dipped to ~0.8, then ETH rebounded source