🚀 Coinbase predicts Ether (ETH) could surprise us all with an unexpected rise in the coming months! Despite underperforming the broader crypto market this year, ETH's long-term positioning remains strong. Key factors include:

- No major supply side overhangs like token unlocks or miners' sales.

- Significant growth in staking and layer 2, reducing ETH liquidity.

- ETH's central role in decentralized finance (DeFi) is unlikely to be displaced due to widespread adoption of the Ethereum Virtual Machine (EVM) and its layer 2 innovations.

Moreover, the potential approval of a U.S. spot ether exchange-traded fund (ETF) could be a game-changer. Coinbase believes the market may be underestimating the timing and odds of this approval.

What are your thoughts on ETH's potential? Share in the comments below! 💬👇