.coinbase’s recent transfers could be good news for Ethereum bulls
The recent transactions come at a critical time for the cryptocurrency market.
The price of Ethereum spiked to $1,276 earlier today, the highest level since June 26. The cryptocurrency market saw a decent recovery together with U.S. equities. However, it is not clear whether or not this bullish trend is sustainable. It remains to be seen whether the second-largest coin will be able to gain a stable footing above the $1,200 level.
Ethereum recently recorded its worst quarter in history after collapsing to as low as $881 on June 18.
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