Ethereum Shows Potential for $3,500 as Coinbase Rally Signals Renewed Market Momentum

Key Points

1. Ethereum has rebounded from mid-year lows near $1,300 to above $3,000, with a target of $3,500 if it maintains this level.

2. Coinbase surged from $141 to nearly $400, reflecting growing institutional optimism and mirroring Ethereum's recovery.

3. The $3,000 level for Ethereum is a critical pivot; holding above it is essential for upward momentum toward $3,500.

4. Analysts project Ethereum could reach $4,000 by Q3 2025 if the bullish trend continues.

5. The correlation between Ethereum and Coinbase suggests equity markets tied to crypto can provide early signals for cryptocurrency price movements.