[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  BossTrader [@BossTraider](/creator/twitter/BossTraider) on x XXX followers Created: 2025-07-19 12:05:24 UTC 🚀 Coinbase Hits New All-Time High: Is Ethereum Next to Soar? 🚀 You've highlighted a fascinating and historically significant correlation! The idea that Coinbase's stock performance can be a leading indicator for Ethereum's price is definitely worth exploring, especially given recent market movements. Here's the breakdown: * Coinbase's Recent ATH: You're absolutely correct! Coinbase (COIN) stock has recently surged, hitting a new all-time high (or at least a new 52-week high very close to its all-time high from 2021) for the first time since its peak in 2021. This surge is driven by a combination of factors, including Bitcoin's rally, strong ETF inflows, positive regulatory developments in the U.S. (like "Crypto Week" and the GENIUS Act), and Coinbase's expanding services (e.g., the Deribit acquisition). * Historical Precedent (2021): Looking back at 2021, Coinbase's direct listing and subsequent price action did indeed precede or coincide with significant rallies in Ethereum. Coinbase went public on NASDAQ in April 2021. Shortly after, in May 2021, Ethereum saw a massive surge. While there was a market correction in mid-2021, both Bitcoin and Ethereum recovered strongly, with ETH reaching its all-time high of over $XXXXX in November 2021, roughly around the same time Coinbase's stock also peaked. This suggests a strong correlation, as Coinbase's business performance is directly tied to crypto trading volume and market sentiment. * Is Ethereum Next? The market is certainly buzzing with this possibility. We've seen Ethereum already showing significant strength, breaking above key resistance levels like $XXXXX and $3,400, and experiencing record inflows into its newly approved spot ETFs. The bullish sentiment for ETH is fueled by: * Institutional Adoption: Companies like SharpLink Gaming are making massive ETH purchases, and BlackRock's ETH ETF is seeing substantial inflows. * Network Developments: Ongoing upgrades and the robust DeFi and NFT ecosystems built on Ethereum continue to drive its utility and demand. * Liquidity Magnet: As discussed previously, there's a significant concentration of liquidity stacking up around the $XXXXX mark, acting as a magnet for ETH's price. Given the historical pattern and the current strong fundamentals and market momentum for Ethereum, many analysts and investors believe that ETH is indeed poised for its next major leg up, potentially targeting new all-time highs. Coinbase's strong performance often reflects a broader positive sentiment and increased activity in the crypto market, which directly benefits Ethereum. It's an exciting time to watch these correlations play out! What other indicators or news do you think are most important for confirming Ethereum's next major price move? XX engagements  **Related Topics** [correlation](/topic/correlation) [alltime](/topic/alltime) [coinbase](/topic/coinbase) [stocks financial services](/topic/stocks-financial-services) [stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries) [ethereum](/topic/ethereum) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/BossTraider/status/1946541883796156507)
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BossTrader @BossTraider on x XXX followers
Created: 2025-07-19 12:05:24 UTC
🚀 Coinbase Hits New All-Time High: Is Ethereum Next to Soar? 🚀 You've highlighted a fascinating and historically significant correlation! The idea that Coinbase's stock performance can be a leading indicator for Ethereum's price is definitely worth exploring, especially given recent market movements. Here's the breakdown:
- Coinbase's Recent ATH: You're absolutely correct! Coinbase (COIN) stock has recently surged, hitting a new all-time high (or at least a new 52-week high very close to its all-time high from 2021) for the first time since its peak in 2021. This surge is driven by a combination of factors, including Bitcoin's rally, strong ETF inflows, positive regulatory developments in the U.S. (like "Crypto Week" and the GENIUS Act), and Coinbase's expanding services (e.g., the Deribit acquisition).
- Historical Precedent (2021): Looking back at 2021, Coinbase's direct listing and subsequent price action did indeed precede or coincide with significant rallies in Ethereum. Coinbase went public on NASDAQ in April 2021. Shortly after, in May 2021, Ethereum saw a massive surge. While there was a market correction in mid-2021, both Bitcoin and Ethereum recovered strongly, with ETH reaching its all-time high of over $XXXXX in November 2021, roughly around the same time Coinbase's stock also peaked. This suggests a strong correlation, as Coinbase's business performance is directly tied to crypto trading volume and market sentiment.
- Is Ethereum Next? The market is certainly buzzing with this possibility. We've seen Ethereum already showing significant strength, breaking above key resistance levels like $XXXXX and $3,400, and experiencing record inflows into its newly approved spot ETFs. The bullish sentiment for ETH is fueled by:
- Institutional Adoption: Companies like SharpLink Gaming are making massive ETH purchases, and BlackRock's ETH ETF is seeing substantial inflows.
- Network Developments: Ongoing upgrades and the robust DeFi and NFT ecosystems built on Ethereum continue to drive its utility and demand.
- Liquidity Magnet: As discussed previously, there's a significant concentration of liquidity stacking up around the $XXXXX mark, acting as a magnet for ETH's price. Given the historical pattern and the current strong fundamentals and market momentum for Ethereum, many analysts and investors believe that ETH is indeed poised for its next major leg up, potentially targeting new all-time highs. Coinbase's strong performance often reflects a broader positive sentiment and increased activity in the crypto market, which directly benefits Ethereum. It's an exciting time to watch these correlations play out! What other indicators or news do you think are most important for confirming Ethereum's next major price move?
XX engagements
Related Topics correlation alltime coinbase stocks financial services stocks bitcoin treasuries ethereum coins layer 1