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Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles

Ether (ETH), the native token of Ethereum's blockchain, slipped to a two-month early Friday as regulatory uncertainty and problems at a key lender for tech firms, zapped investors' risk appetite.

Per one observer, the selling pressure for ether came mainly from the Nasdaq-listed crypto exchange Coinbase (COIN). The native token of Ethereum's blockchain fell to $1,392, the lowest since Jan. 12, amounting to a 24-hour decline of more than 8%, CoinDesk data show.

Data tracked by South Korea-based CryptoQuant show ether's Coinbase premium index, which measures the gap between ETH's dollar-denominated price on Coinbase and ETH's tether-denominated price on Binance, slipped to the lowest since Jan. 18.

(By Omkar Godbole)

Ethereum Ethereum $3,322.56
-2.91%
Coinbase
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