Ethereum must clear institutional weakness before $3,300 breakout

Beincrypto reports that Ethereum fell nearly 3% over the past 24 hours, trading at $3,113, and that an analyst has identified a bearish signal the token must overcome before a confirmed breakout above $3,300 becomes likely. CryptoOnchain highlighted a bearish divergence between ETH’s price action and on-chain demand, pointing to a sharp deterioration in the Coinbase Premium Gap: its 14-day simple moving average has fallen to -2.285, the lowest level since early February 2025.

The outlet noted the gap tracks the price difference between Coinbase and Binance and said, “This sustained negative gap clearly indicates that selling pressure—or, more precisely, a lack of buying interest—is significantly stronger on Coinbase compared to Binance.” CryptoOnchain added that historically sustained rallies coincided with a positive premium and warned, “Until the price gap between Coinbase and Binance returns to positive territory and genuine demand reappears in the US spot market, the probability of a confirmed breakout above the $3,300 resistance remains low.” Persistent outflows from Ethereum spot ETFs also reinforce institutional caution: the funds saw $1.42 billion exit in November, $616.8 million in December and a $98.45 million outflow on January 7, according to SoSoValue.

Key Topics

Crypto, Ethereum, Coinbase Premium Gap, Coinbase, Binance, Ethereum Spot Etfs