LIVE❗️ Coinbase: $ETH Could Surprise with Growth in the Coming Months
🏢 Analysts at the cryptocurrency exchange Coinbase believe that the price of $ETH could rise in the coming months, despite Ethereum lagging behind the broader crypto market this year.
🔍 Experts explain their forecast by noting that the cryptocurrency does not have "major sources of supply overhang," such as token unlocks or miner sell pressure.
🗣 "Staking and the popularization of L2 networks have proven to be significant and growing absorbers of $ETH liquidity," stated Coinbase.
💬 Analysts also mentioned that $ETH’s strong position as a DeFi hub will remain, given the widespread adoption of the Ethereum Virtual Machine (EVM) and its second-layer (L2) innovations.
🚀 Let’s launch this rocket already; we’re tired of waiting. 😁
