Ether Demand Is Driven by U.S. Investors, Data Shows Ether's | 🔸️Ethereum | Bitcoin & Altcoin News

Ether Demand Is Driven by U.S. Investors, Data Shows

Ether's 11% rally in the past week was spurred by buying pressure in the U.S., data from CryptoQuant that tracks local exchange activity shows. A spike in demand from the regulated exchange Coinbase (COIN), most prominent in the U.S., preceded a jump in ether (ETH) prices, according to the "Coinbase premium," an indicator showing the gap between Coinbase's ETH/U.S. dollar pair and Binance's ETH/USDT pair.

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