Ethereum Breaks Above $3,600 as U.S. Institutions Drive Demand Surge
Ether (ETH) has climbed past $3,600 this week, posting its strongest rally in months as signs point to growing institutional interest — especially from U.S.-based investors.
One of the clearest indicators is the ETH/Coinbase premium, which tracks price differences between Coinbase and Binance. After remaining flat through June, the premium flipped positive this week, often a signal that large U.S. buyers are stepping in.
“An Ethereum premium has emerged on Coinbase, which typically reflects activity from U.S. institutions and whales,” said CryptoDan, an independent analyst at CryptoQuant. “This steady uptick in buying suggests accumulation by major U.S. players.”
Fueling the momentum further are record daily inflows into spot Ethereum ETFs, another strong sign of institutional allocation.
According to analysts, the combination of a rising Coinbase premium and robust ETF inflows suggests that institutions are leading the charge in this latest breakout — not merely reacting to price momentum.
ETH is now up 21% over the past week, outperforming Bitcoin and most other top cryptocurrencies. With whales accumulating and ETF participation on the rise, the rally may reflect a deeper shift in Ethereum’s investor base and long-term outlook.

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