Coinbase Predicts Strong Second Half for Ethereum in 2024
The post Coinbase Predicts Strong Second Half for Ethereum in 2024 appeared first on Coinpedia Fintech News
Although Ethereum has underperformed year-to-date, Coinbase analysis suggests ETH will perform well in the latter half of 2024. There’s a 30-40% chance of potential approval for an ETH SPOT ETF and a high possibility of a successful lawsuit if rejected. Ethereum has strengthened its long-term positioning due to its unique advantages, such as a strong developer ecosystem and utility in DeFi. Additionally, Ethereum benefits from the narratives of “store of value” and “technology token,” which positions it for an upside later in 2024.
