Ethereum’s in demand – How U.S investors are having their say

Coinbase Premium Index has risen to its highest level since May 2023, signaling a recent spike in market participation by US-based investors, data fromThis metric tracks the difference between an asset’s prices on Coinbase and Binance. When it climbs, it suggests that Coinbase users are conducting significant buying activity.

At press time, ETH’s CPI was 0.16. Per CryptoQuant’s data, the last time the value was this high was on the 9th of May, 2023. This index initiated an uptrend since 23rd February, and has since risen by over 400%. The same sentiment was observed in the Asian market. An assessment of ETH’s Korean Premium Index showed that it was at its highest value since May 2022.

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