Analysis: "ETH continues to weaken due to negative Coinbase premium and reduced network activity."

BeInCrypto reports that Ethereum's (ETH) Coinbase Premium remains negative, and the decline in network activity is negatively impacting the price. The outlet explained, "The unrealized returns of whale addresses holding 1,000 to 100,000 ETH have been steadily declining for the past four months, approaching zero. A further decline risks further selling pressure. The Coinbase Premium turned negative in the third week of December, and the number of active Ethereum addresses in December hit a yearly low. If whale investors sell to recover their funds, this could trigger a market-wide panic. However, some institutions, including Bitwise, are optimistic that ETH will reach a new all-time high, fueled by regulatory improvements and accelerating institutional adoption."