Ethereum

Threshold

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-eyes-4000-milestone-as-market-sentiment-rises" rel="noopener noreferrer nofollow">Ethereum Eyes $4,000 Milestone as Market Sentiment Rises</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereums-ascent-a-beacon-for-altcoin-season" rel="noopener noreferrer nofollow">Ethereum</a>, the leading alternative <a href="https://en.bitcoinhaber.net/justin-sun-and-vitalik-buterin-contrasting-crypto-career-trajectories-tied-to-ripple" rel="noopener noreferrer nofollow">cryptocurrency</a>, is on the verge of hitting the $4,000 mark. Having recently touched this level in futures trading, ETH is witnessing a surge in investor interest. A recent report highlights an unprecedented rise in the <a href="https://en.bitcoinhaber.net/the-fall-of-ftx-customer-outcry-over-bankruptcy-plan" rel="noopener noreferrer nofollow">Coinbase</a> Premium Index (CPI), suggesting heightened activity from US-based investors.</p>
<h2 id="surge-in-the-coinbase-premium-index">Surge in the Coinbase Premium Index</h2>
<p style="text-align: justify">CryptoQuant’s data reveals that the CPI for Ethereum has soared to its highest since May 2023. Tracking the price disparity between Coinbase and Binance, the index serves as a barometer for Coinbase users’ trading enthusiasm. As the index climbs, it reflects a robust buying presence on the exchange. Currently, the CPI stands at 0.16, a notable 400% increase since late February.</p>
<p style="text-align: justify">The rising CPI aligns with Ethereum’s price advancement past $3,800, fuelling speculation of a potential return to its all-time high of $4,800. Simultaneously, Ethereum’s Korean Premium Index (KPI) has also witnessed a peak, the first in over a year, signifying active trading in Asia.</p>
<h2 id="spot-market-flirts-with-4-000-threshold">Spot Market Flirts with $4,000 Threshold</h2>
<p style="text-align: justify">Ethereum’s spot market performance has been dynamic, with the price momentarily surpassing $3,990, just shy of the coveted $4,000. Despite a slight retreat, ETH’s value hovers around $3,927, showing an uptick of 1.5%. The cryptocurrency’s market cap has consequently exceeded $473 billion, complemented by a trading volume jump of 18%.</p>
<p style="text-align: justify">Investor optimism is palpable as market indicators and trading volumes suggest a positive outlook for Ethereum’s price trajectory. Market participants continue to closely monitor these trends, anticipating further milestones in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-eyes-4000-milestone-as-market-sentiment-rises" rel="noopener noreferrer nofollow">Ethereum Eyes $4,000 Milestone as Market Sentiment Rises</a></h5>

Ethereum Eyes $4,000 Milestone as Market Sentiment Rises

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