While banking giant JPMorgan increased the price target for the cryptocurrency exchange Coinbase, the Ethereum (ETH) detail attracted attention.
In a recently published note, JPMorgan set the price target for Coinbase. From $95 to $150 raised it. The banking giant believes that Ethereum’s structure appeals to the masses and the increase in value accordingly. A positive driver for Coinbase earnings He stated that it could happen.
Analysts led by Kenneth Worthington dencun Focusing on the successful functioning of the Ethereum ecosystem, including its upgrade Its impact on the cryptocurrency industry They mentioned:
Ethereum use cases transcend the crypto ecosystem and we think it will create a strong source of revenue for Coinbase in the near term. We also see the progress on the Ethereum roadmap, including the Dencun upgrade that took place this week on March 13, as encouraging crypto development, which is a positive development in the long term.
Even though JPMorgan front raises its price forecast $150 The current forecast is still well below the current value of Coinbase shares. TradingView According to the data, at the time of writing COIN from $242 is being traded.