RATE Group | Coinbase Premium Showing Fiat Inflow Into Ethereum May Spark Massive Rally
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Coinbase Premium Showing Fiat Inflow Into Ethereum May Spark Massive Rally

12 Feb Coinbase Premium Showing Fiat Inflow Into Ethereum May Spark Massive Rally

Posted at 22:03h in Ethereum News by

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In recent weeks, the one factor that prevented analysts from considering a new bull run was starting across cryptocurrency assets like Bitcoin and Ethereum,  was a lack of new money entering the market.

However, a premium on Ethereum prices on Coinbase suggests that fiat inflow has begun pouring into the exchange, and could cause an explosive rally in the weeks ahead.

Ethereum Trades at a Premium on Coinbase Over Tether Exchanges

There’s been no denying that all systems appear to be ready to go for the next crypto bull run. Bitcoin is showing a number of bullish factors, and Ethereum is already doubled in value year to date.

However, many top crypto analysts and whales across the industry have been skeptical of the recent bull rally, claiming that no new money had been entering the crypto market for some time.

Related Reading | Surging Ethereum Volume While Price Skyrockets Is Major Bullish Sign 

But as the rally pushed prices higher and higher, it may have incited an extreme case of…

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