All about Ethereums latest test of a key supply zone after spike in Korea Premium Index
Ethereum All about Ethereums latest test of a key supply zone after spike in Korea Premium Index Ethereum may be approaching a decisive moment right now. The Korean Premium Index has spiked aggressively over the last 24 hours, signalling a noticeable surge in Asian regional demand. At the same time, the number of Ethereum 2 deposits has increased exponentially too, by 4 times – Evidence of a sharp rise in on-chain activity. Taken together, these metrics seemed to suggest something more coordinated – Participation may be picking up on both exchanges and across the network. Is there localized demand strength? The Korean Premium often acts as a sentiment gauge. When it rises, it typically means traders in that market are willing to pay more than global averages to gain exposure. A move to 0.66 isnt extreme, but the speed of the hike does stand out. It suggested that demand has been building quickly, rather than gradually. In previous cycles, similar spikes have sometimes preceded short-term breakouts but not always sustained ones. So while it leaned bullish at press time, it might not be a standalone signal. It will require further affirmation from other long-term metrics. Source: CryptoQuantDeposit surge adds a layer of uncertainty The fourfold increase in deposits complicates