Ethereum Coinbase Premium Index drops to -0.16, a February low signal

Ethereum is trading below $2,000, with ETH near $1,975 after losing the $2,000 psychological level and extending a downtrend from the $2,300–$2,350 rejection zone in May. The Coinbase Premium Index for Ethereum fell to around -0.16—its lowest reading since February—before edging back toward -0.14, suggesting softer US buying relative to global venues. Technically, ETH is now below its 50-day, 100-day, and 200-day moving averages, with traders watching support at $1,820–$1,920 and resistance levels at $2,050 and $2,250–$2,350.