โ๏ธ Coinbase: $ETH Could Surprise with Growth in the Coming Months
๐ข 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.
๐ 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.
๐ฃ "Staking and the popularization of L2 networks have proven to be significant and growing absorbers of $ETH liquidity," stated Coinbase.
๐ฌ Analysts also mentioned that $ETHโs strong position as a DeFi hub will remain, given the widespread adoption of the Ethereum Virtual Machine (EVM) and its second-layer (L2) innovations.
๐ Letโs launch this rocket already; weโre tired of waiting. ๐