{"id":20686,"date":"2026-01-27T07:44:53","date_gmt":"2026-01-27T07:44:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-rejects-3k-again-as-coinbase-premium-falls-to-2023-lows\/"},"modified":"2026-01-27T07:45:17","modified_gmt":"2026-01-27T07:45:17","slug":"ethereum-price-rejects-3k-again-as-coinbase-premium-falls-to-2023-lows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-rejects-3k-again-as-coinbase-premium-falls-to-2023-lows\/","title":{"rendered":"Ethereum price rejects $3K again as Coinbase Premium falls to 2023 lows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price failed to hold above the $3,000 mark once again, with price slipping back toward the lower end of its weekly range as U.S. demand indicators weaken.<\/p>\n<div id=\"cn-block-summary-block_45d6a0caeed079c9ccb8b8b22c058548\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum slipped below $3,000 after another failed breakout attempt, extending weekly losses.<\/li>\n<li>Coinbase Premium fell to its lowest level since 2023, showing weak U.S. institutional interest.<\/li>\n<li>Derivatives open interest rose even as volume declined, increasing downside risk near $2,800 support.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>ETH was trading at $2,930 at press time, up 1.9% on the day. Price is down 7% on the week and nearly 40% from the $4,946 all-time high set in August last year. Over the past seven days, ETH has moved between $2,801.87 and $3,125.89, showing repeated rejection near the psychological $3,000 zone.<\/p>\n<p>Spot activity has cooled. Ethereum\u2019s (ETH) 24-hour trading volume stood at $28.44 billion, down 6% from in the last day, pointing to fading participation during recent attempts to push higher.<\/p>\n<p>CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/ETH\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a> shows a divergence in the derivatives market. Total volume fell 8% to $56 billion, while open interest rose 3.6% to $38 billion.<\/p>\n<p>This mix suggests traders are opening new positions while overall turnover slows, showing growing conviction rather than aggressive momentum trading.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Coinbase Premium falls to multi-year lows<\/h2>\n<p>A deeper structural problem is revealed in a Jan. 26 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/69771decc262194c0f2b5e9e-US-Smart-Money-Steps-Back-Ethereums-Coinbase-Premium-Falls-to-Its-Lowest-Level-S\" target=\"_blank\" rel=\"nofollow\">analysis<\/a> by CryptoQuant contributor CryptoonChain. Ethereum\u2019s Coinbase Premium Index 30-day average dropped to -0.08, its lowest level since early 2023.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The index tracks the difference in price between ETH\/USD on Coinbase and ETH\/USDT on Binance. If the reading is negative, Ethereum is trading at a lower price on Coinbase, which is commonly used as a stand-in for institutional demand in the U.S.<\/p>\n<p>In the past, long-term ETH rallies have been linked to a positive premium driven by U.S. purchases. It appears that American institutions are largely on the sidelines due to the current decline. <\/p>\n<p>While global flows on Binance have helped stabilize price, the lack of U.S. participation limits upside follow-through in the near term.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis<\/h2>\n<p>Ethereum continues to trade within a declining structure on the daily chart. Price sits below all major moving averages. The 20-day and 50-day averages are clustered between $3,040 and $3,100, now acting as firm overhead pressure.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Following the recent decline, Bollinger Bands have started to narrow, indicating decreased volatility. This compression often comes before expansion. The lower band, which is slightly above $2,780, aligns with prior demand from earlier this month.<\/p>\n<p>The relative strength index at 41 is below neutral, while the stochastic RSI is close to oversold territory, suggesting a slowing downward pressure. Caution is reinforced by the fact that MACD and short-term momentum readings continue to point lower.<\/p>\n<p>$2,800 is still the crucial level to keep an eye on on the downside. A daily close below it would expose ETH to a deeper move toward $2,600, where buyers last stepped in. On the upside, ETH needs a clean reclaim of $3,050\u2013$3,100 to reopen the path toward $3,250. Without that, rallies risk fading quickly near resistance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price failed to hold above the $3,000 mark once again, with price slipping back toward the lower end of its weekly range as U.S. demand indicators weaken. Summary Ethereum&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20686"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20686\/revisions"}],"predecessor-version":[{"id":20687,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20686\/revisions\/20687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11194"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}