Ethereum ( $ETH ) Bearish Signal: Why US Institutional Demand is Fading at $3,300

Is the Ethereum rally losing steam? As of January 8, 2026, $ETH has retraced to $3,140, marking a significant failure to breach the high-volume resistance at $3,300.

The Institutional Disconnect:
Analytics from CryptoQuant show that the Coinbase Premium Gap—a key indicator of US institutional demand—has plunged to a 10-month low. When the price on Coinbase is lower than Binance, it historically signals that American whales and "Smart Money" are offloading or staying on the sidelines.

ETF Market Dynamics:
Wednesday marked the first net outflow day for Ethereum ETFs in 2026. Grayscale’s ETHE led the selling with $52 million in exits, while BlackRock’s ETHA failed to provide enough buy-side pressure to offset the trend.

Short-Term Outlook:
The market structure is currently "neutral-bearish." If $ETH falls and consolidates below the $3,062 mark (200 EMA), the "Death Cross" pattern formed in late 2025 could regain control, potentially targeting a re-test of the $2,800 range.

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