Leading altcoin Ethereum (ETH) has soared in recent weeks, largely fueled by US investors.
According to CryptoQuant data, Ethereum fell significantly last week. Buying pressure in US markets Thanks to this, it gained more than 10% in value.
Reflecting the difference between ETH/USDT pairs on Binance and Coinbase exchanges and Coinbase bonus The indicator, known as , shows that US investors’ demand for Ethereum is growing.
Ho Chan Chung, CryptoQuant’s marketing manager, said: “The recent movement in Ethereum price is due to demand in the US. “Looking at the premium index, we can clearly see that the upward movement was triggered by Coinbase.” said.
Binance is widely used by Asian investors, while Coinbase is preferred by investors in the US and Europe.
Current data shows that the Coinbase premium is starting to rise again. This could lead to a new movement in Ethereum price.
