💸 Ether Could Surprise to the Upside in the Coming Months, Coinbase Says
🔗 Coinbase says Ether (ETH) could surprise to the upside in the coming months, citing lack of major supply overhangs like token unlocks or miner selling pressure.
🕯 The exchange believes ETH is unlikely to be displaced as the center of decentralized finance due to widespread Ethereum Virtual Machine and layer-2 adoption. Additionally, Coinbase thinks the market may be underestimating the potential approval timing and odds of a U.S. spot Ether ETF, leaving room for upside surprises.
📈 Overall, the exchange remains bullish on Ether’s fundamentals and technological innovations within its ecosystem.