Ethereum Coinbase Premium continues to trade in the undecided zone after the August 5, 2024 crisis.

For altcoin investors, the US investor sentiment on Ethereum is important. We saw Ethereum rise from $2,200 to $4,000 between February 8 and March 11 as the Coinbase Premium remained positive. This led to many small rallies in other altcoins.

Looking ahead, Ethereum price may be a barometer for the altcoin market, much like traditional indices in the stock market. Therefore, monitoring US investor sentiment (buy/sell) is increasingly important. I have on-chain alerts ready and will share as soon as the signal is available.