Ethereum Surges Past $3,600 as Coinbase Premium Signals U.S. Institutional Demand
Ether (ETH) surged above $3,600 this week, marking its sharpest rally since April, fueled by a wave of institutional buying activity — particularly from U.S.-based investors.
A key indicator of this shift is the ETH/Coinbase premium, which tracks the price difference between Ethereum on Coinbase and Binance. After trending flat in June, the premium flipped positive this week — a move typically associated with increased interest from U.S. institutions and high-net-worth investors.
“A premium has reappeared on Coinbase, a platform heavily used by U.S. whales and institutional players,” noted CryptoQuant analyst CryptoDan. “The rise in steady buying activity points to aggressive accumulation by U.S. investors.”
This comes alongside record daily inflows into spot Ethereum ETFs, which further signals growing institutional appetite for ETH exposure.
The data suggests that Ethereum’s latest breakout is not being driven by retail speculation, but by strategic positioning from large investors. ETH has climbed 21% in the past seven days — significantly outperforming Bitcoin and most large-cap digital assets.
With ETF flows hitting all-time highs and Coinbase-based demand rising, Ethereum’s rally appears to be backed by stronger fundamentals than previous short-term spikes.
