BULLISH 📈 : Coinbase premium tops 14-day average, signaling US institutional ETH demand
Coinbase Premium stays positive as Ethereum approaches $2,400. The signal sits above its 14‑day MA, pointing to sustained US bid per CryptoQuant.
The Coinbase Premium Index measures the price gap between Ethereum on Coinbase and Binance. A persistent positive reading implies stronger demand on Coinbase, a venue used by US institutions and HNW buyers.
The index is positive and above its 14‑day moving average. CryptoQuant flags this as the threshold that filters out noise and indicates more durable institutional demand, not a brief spike linked to short‑term activity.
Since the signal triggered, ETH has rallied 22% and tapped $2,400. It trades near $2,389 now. The signal remains active; CryptoQuant’s view is unchanged while the premium stays positive and above its 14‑day MA here.
Price structure has improved. ETH reclaimed the 50‑day MA and is trying to hold it as support. But the 100‑ and 200‑day MAs trend down above price, setting layered resistance between $2,400 and $2,800. Supply caps each push near $2,400; volume fades on the advance, showing limited follow‑through.
No guarantee the setup persists. The signal stands until the premium turns or falls below its 14‑day average per CryptoQuant.