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Ethereum Price Forecast: ETH risks decline to $3,500 as US investors lose momentum
US investors have consistently scaled down demand for Ethereum (ETH) over the past few days, with the decline visible across the spot and derivatives markets. The Ethereum Coinbase Premium Index plunged into negative territory for the first time since September 9 on Thursday, reaching -2.8%, according to CryptoQuant data. The decline shows that ETH is trading lower on Coinbase than on most crypto exchanges, indicating a slowdown in spot demand from US investors. A similar picture is evident across US spot ETH exchange-traded funds (ETFs), which have recorded net outflows of 158,374 ETH since October 8, according to ... (full story)
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