'Ethereum (ETH): Poised for Upside in Coming Months, Says Coinbase'
CryptoNewsTerminal Staff17 May, 2024
'Ethereum (ETH): Poised for Upside in Coming Months, Says Coinbase'
Coinbase Predicts Ethereum Surge in Coming Months According to Coinbase's recent report, Ethereum (ETH) is poised for a significant upswing in the coming months, despite its subdued start to the year. The report highlights key factors driving ETH's potential growth: Absence of Token Unlocks and Miner Sell Pressure: Unlike previous years, ETH faces no major token unlocks or miner sell pressure in the near future. Staking, Layer-2 Growth, EVM Adoption: These factors contribute positively to ETH's value proposition. * Spot ETF On the Horizon: The pending ETH spot ETF is a key development, and its approval (or even a successful appeal if initially rejected) could boost ETH demand. Overall, Coinbase's report provides a bullish outlook for ETH, citing its strong fundamentals and positive upcoming developments.
