ETH's Coinbase premium hits ten-month low on January 8, 2026 amid $3,110.57 price

On January 8, 2026, the ETH Coinbase premium retreated to levels last seen in February 2025, and ETH traded around $3,110.57. Weaker U.S. spot demand and cautious derivatives activity left price capped below $3,300, with open interest at $17.78B and the fear-and-greed index at 49. A stronger bid may be needed for a breakout.