Coinbase: Ethereum could see unexpected gains in coming months
Coinbase (COIN) said in a research report on Wednesday that Ethereum's performance has lagged the broader cryptocurrency market this year, but its long-term positioning remains strong and an unexpected rise is possible, Golden Finance reported. “Ethereum could see unexpected gains in the coming months,” the report said, noting that the cryptocurrency does not have “major sources of supply-side excess,” such as pressure from token unlocks or miner sales.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
President of the European Central Bank: Interest rates are at an appropriate level
Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions
All three major U.S. stock indexes closed higher, with Intel rising over 10%.
Trending news
MoreCrypto prices
More
