The recent surge in cryptocurrency markets has breathed new life into Coinbase stock (COIN), suggesting significant potential gains if a recent breakout is confirmed. After a remarkable 8.47% surge on Monday, COIN opened even higher on Tuesday. However, the thrill was short-lived as selling pressure and a Bitcoin price pullback caused a 2.08% dip in COIN’s value. Despite this loss, COIN sentiment remains strong due to Ethereum ETF approval rumors.
However, one analyst explains how ETH ETF approval would boost COIN to new highs.
Analyst Insights on Ethereum ETF’s Impact on COIN
In his series of X posts, crypto analyst Snow elaborates on the potential impact of an ETH ETF approval on Coinbase. According to…
