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Ethereum Price Prediction: Coinbase Just Let Users Borrow $1M Without Selling ETH – Is This a Game-Changer?

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Ethereum is gaining contemporary momentum after Coinbase rolled out a main replace to its on-chain lending providers.

The platform now accepts ETH as collateral, a transfer that would strengthen bullish Ethereum price predictions within the weeks forward.

Previously out there solely to Bitcoin holders, the mortgage product now permits eligible customers to borrow as much as $1 million in USDC with out promoting their ETH.

The integration goals to serve long-term holders searching for liquidity for bills resembling down funds or debt refinancing, with out creating a taxable occasion.

A service that has been seeing growing demand this cycle. Crypto-collateralized lending hit a file $73.6 billion in Q3, in accordance with a Galaxy Research report.

Coinbase’s BTC-backed loans alone have already facilitated over $1.27 billion in borrowing and $1.38 billion in collateral from roughly 16,000 clients, in accordance with company data.

For Ethereum, this strengthens its broader monetary attraction by serving to bridge TradFi and DeFi. The construction mirrors conventional securities-backed credit score strains, making ETH a extra reliable balance-sheet asset for establishments.

Ethereum Price Predictions: Institutions Could Save the ETH Downtrend

This long-term holding incentive might assist stabilize value actions towards latest market headwinds, significantly as ETH navigates a potential bullish head-and-shoulder sample.

A historic demand zone round $2,750 stands as a potential backside to the appropriate shoulder, significantly as momentum indicators flash a reversal.

ETH / USD 1-day chart, bullish head and shoulders pattern. Source: TradingView.
ETH / USD 1-day chart, bullish head-and-shoulder sample. Source: TradingView.

The RSI has hit the 30 oversold threshold, a typical backside marker as sellers attain exhaustion and patrons step in. The MACD confirms weakening promote stress, flattening under the sign line within the early phases of a development shift.

A totally realised sample breakout might see the neckline reclaimed round $5,500, surpassing previous all-time highs into new value discovery with a 100% transfer.

But because the bull market matures, if Ethereum continues to function on mainstream stability sheets by company treasuries and ETF accumulation, the push might prolong 365% to $10,000.

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Momentum is climbing quick. The presale has already handed $2.1 million, whereas early stakers are nonetheless incomes as much as 593% APY.

And due to a built-in deflationary mannequin, the place 70% of all $PEPENODE spent on nodes and rigs is burned, shortage helps long-term token worth.

PepeNode stands out as a smarter solution to seize a few of the market’s strongest upside—with out worrying about timing the right entry.

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The submit Ethereum Price Prediction: Coinbase Just Let Users Borrow $1M Without Selling ETH – Is This a Game-Changer? appeared first on Cryptonews.

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