CryptoQuant releases Ethereum bearish warning: Coinbase premium indicator hits a 10-month low

CryptoQuant reported that data shows the 14-day simple moving average (SMA) of the Ethereum Coinbase premium has dropped to -2.285, marking the lowest level since early February 2025.

The agency stated that this sign of on-chain weakness indicates a weakening demand from U.S. institutional investors, and traders should remain cautious, as the continuation of this negative trend increases the risk of further corrections in Ethereum.