Cantor Fitzgerald Bullish on Coinbase: Ethereum and Stablecoin Synergy Key to $245 Target

Cantor Fitzgerald has initiated coverage of Coinbase with an ’Overweight’ rating and a $245 price target, highlighting the platform’s strategic positioning in the Ethereum ecosystem and its partnership with Circle for stablecoin integration as transformative for its long-term growth.

Cantor Fitzgerald Rates Coinbase Stock ’Overweight’

Cantor Fitzgerald analysts initiated coverage of Coinbase with an ’Overweight’ rating and price target of $245. They argue that Wall Street has overlooked how Coinbase’s stablecoin relationship with Circle dovetails with its Ethereum-based network. The analysts view these segments as instrumental in changing Coinbase’s narrative from being a cyclical crypto trading platform to a mission-critical infrastructure layer of the crypto economy. Currently, Coinbase (COIN) is trading at approximately $150, down nearly 5% on the day and 12.5% over the last week amid a market-wide dive triggered by President Trump’s growing trade war.

Ethereum’s Whale Volume Skyrockets Over 500% Amid Market Slump: Signs of a Rebound?

Economic tensions are still putting pressure on the crypto market. Tariffs introduced by the Trump administration have led declines in many altcoins, including Ethereum, which is currently trading in a bearish zone below $1,500. Despite this, large investors appear to be buying more Ethereum, indicated by a 500% increase in whale volume. Analysts predict Ethereum’s price may stay within a narrow range if these economic conditions continue, but there is potential for a recovery soon.

Ethereum Rebounds, Dormant Whale Moves Millions Worth of ETH

Ethereum rebounded nearly 8% after dropping to a local low of $1,415 and is now trading around $1,584. A dormant whale moved 2,000 ETH to Kraken after 7 years, sparking speculation on market intentions. ETH bounced back from the $1,500 support zone, showing strong buyer interest at lower levels. Community sentiment is shifting bullish, with some targeting $6,000 if momentum continues.

Ethereum Game ’Aavegotchi’ to Migrate from Polygon to Coinbase’s Base Network

Crypto game Aavegotchi, one of the longest-running projects in the crypto gaming space, has voted to migrate from the Ethereum sidechain network Polygon to Coinbase’s Base layer-2 network. The proposal, suggested by Aavegotchi developer Pixelcraft Studios, aims for a full migration to Base. Aavegotchi, a play-to-earn virtual pet game first announced in 2020, will undergo this transition following a successful DAO vote.