Ethereum has faced intense selling pressure in recent sessions, with price 
action struggling to stabilize as broader market weakness persists. The asset 
has revisited the $2,100 zone, a level now being closely monitored by traders 
attempting to identify potential demand. Despite occasional relief bounces, 
momentum remains fragile, reflecting ongoing uncertainty across both 
derivatives and spot markets. Related Reading: Are We Near A Bitcoin Bear 
Market Bottom? History Offers A Framework A recent CryptoQuant report 
highlights a notable shift in investor behavior, particularly among US-based 
participants. The Ethereum Coinbase Premium Index, measured on a 30-day moving 
average, has dropped to its lowest level since July 2022. This metric compares 
ETH pricing on Coinbase—often considered a proxy for U.S. institutional 
flows—against global exchange benchmarks such as Binance. Sustained negative 
readings typically indicate stronger selling pressure from US entities 
relative to the broader market. This development suggests that institutional 
demand may currently be subdued, with some investors reducing exposure amid 
volatile macro conditions and declining crypto risk appetite. Historically, 
such deep negative premiums have appeared during periods of market stress, 
sometimes preceding stabilization phases, though not consistently signaling 
immediate bottoms. Coinbase Premium Signals Weak Institutional Demand The 
report notes that the last time the Ethereum Coinbase Premium 30-day moving 
average reached similarly negative territory was during the deepest phase of 
the 2022 bear market. Such readings historically reflect a material imbalance 
between US and global demand, with American investors either actively reducing 
exposure or remaining on the sidelines. Given the importance of US 
institutional flows in past crypto rallies, this absence of demand could limit 
the probability of a sustained near-term recovery. At the same time, the 
signal is not purely bearish. Extreme negative premiums have often appeared 
during capitulation phases, when aggressive sellers exhaust available supply. 
Under those conditions, the market can stabilize as selling pressure fades, 
even before new inflows fully materialize. This dynamic makes the indicator 
context-dependent rather than a standalone directional signal. From a 
technical standpoint, the $2,100 level now carries clear psychological and 
structural significance. Holding this zone would suggest that demand is 
beginning to absorb supply despite negative sentiment. However, a durable 
trend reversal typically requires confirmation from spot demand metrics. A 
normalization—or eventual return to positive territory—in the Coinbase Premium 
would indicate renewed institutional participation. Related Reading: Ethereum 
Transfer Surge Mirrors 2018 And 2021 Peaks – What Happens Next? Ethereum Tests 
Critical Support As Downtrend Intensifies Ethereum price action on this daily 
chart reflects a clear deterioration in market structure following the 
rejection from the $4,000–$4,800 distribution zone seen in late 2025. Since 
then, ETH has transitioned into a sustained downtrend characterized by lower 
highs, persistent selling pressure, and repeated failures to reclaim key 
moving averages. The most recent breakdown below the $2,300 region accelerated 
bearish momentum, with price now testing the psychological $2,100 support 
area. This level carries technical relevance because it previously acted as a 
consolidation zone during earlier phases of the cycle. However, the sharp 
decline toward it, combined with rising sell-side volume, suggests that market 
participants are still in risk-reduction mode rather than accumulation. 
Related Reading: Bitcoin Unrealized Losses Reach 22% – Still No Capitulation 
Phase Moving averages reinforce the bearish bias. The short-term average has 
crossed below the medium-term line, while the price remains well under the 
long-term trend indicator. This confirms structural weakness. Unless ETH can 
quickly reclaim the $2,400–$2,600 range, rallies are likely to be viewed as 
relief bounces rather than trend reversals. If $2,100 fails decisively, the 
next meaningful support could emerge closer to the $1,800–$1,900 zone, where 
historical demand previously stabilized price action. Featured image from 
ChatGPT, chart from TradingView.com

Ethereum Coinbase Premium Drops To 2022 Bear-Market Levels: Capitulation Or Further Downside?

Meme coin launchpad Pump.fun has announced the acquisition of trading terminal 
Vyper, a move aimed at expanding its cross-chain trading capabilities. The 
deal was confirmed on February 5, 2026, though financial terms were not 
publicly disclosed. Vyper’s team and technology…

Pump.fun Boosts Cross-Chain Trading Terminal With Vyper Deal

Strategy has told investors that Bitcoin would have to collapse to around 
$8,000 before its crypto holdings no longer cover the company’s net debt, even 
as paper losses continue to deepen. The Michael Saylor-led firm made the 
disclosure in investor…

Strategy says BTC needs to fall to $8K for holdings not to cover debt as losses top $10B

Crypto mining stocks have declined across the board the value of the entire 
crypto market fell almost 9% on Thursday.

Bitcoin miners IREN, CleanSpark shares plunge as earnings fall short

The initiative highlights the need for proactive measures in the crypto 
industry to safeguard against future technological threats.
The post Strategy plans to launch Bitcoin security program to address quantum 
threats appeared first on Crypto Briefing.

Cryptocurrency price in NOK