The Ethereum Coinbase Premium Index remains in an indecisive zone following the crisis on August 5, 2024. This index, which reflects the market perception of U.S. investors regarding Ethereum, is crucial for altcoin investors. Historically, a positive Coinbase Premium Index has led to significant price surges in Ethereum, as seen from February 8 to March 11, when Ethereum's price jumped from $2,200 to $4,000, triggering mini rallies across various altcoins.

Looking ahead, Ethereum's price is expected to serve as a benchmark for an altcoin bull market, similar to traditional stock market indices. Therefore, monitoring U.S. investors' market sentiment is increasingly important. On-chain data and alarms will be closely watched to provide timely insights.