📉 U.S. smart money appears to be stepping aside from $ETH .

#Ethereum ’s #Coinbase Premium (30-day SMA) has fallen to -0.08, marking its lowest level since early 2023.

A deeply negative premium means #ETH is trading cheaper on Coinbase, pointing to weak U.S. institutional demand 🏦

While activity on #Binance reflects ongoing global participation, U.S.-driven buying pressure is notably absent.

Historically, sustainable rallies are supported by a positive Coinbase Premium.

This divergence calls for caution, despite broader global resilience ⚠️


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