Ethereum is gaining fresh momentum after Coinbase rolled out a major update to its on-chain lending services.
The platform now accepts ETH as collateral, a move that could strengthen bullish Ethereum price predictions in the weeks ahead.
Previously available only to Bitcoin holders, the loan product now allows eligible users to borrow up to $1 million in USDC without selling their ETH.
The integration aims to serve long-term holders seeking liquidity for expenses such as down payments or debt refinancing, without creating a taxable event.
A service that has been seeing increasing demand this cycle. Crypto-collateralized lending hit a record $73.6 billion in Q3, according to 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 customers, according to company data.
For Ethereum, this strengthens its broader financial appeal by helping bridge TradFi and DeFi. The structure mirrors traditional securities-backed credit lines, making ETH a more dependable balance-sheet asset for institutions.
Ethereum Price Predictions: Institutions Could Save the ETH Downtrend
This long-term holding incentive could help stabilize price movements against recent market headwinds, particularly as ETH navigates a potential bullish head-and-shoulder pattern.
A historical demand zone around $2,750 stands as a potential bottom to the right shoulder, particularly as momentum indicators flash a reversal.
The RSI has hit the 30 oversold threshold, a typical bottom marker as sellers reach exhaustion and buyers step in. The MACD confirms weakening sell pressure, flattening below the signal line in the early stages of a trend shift.
A fully realised pattern breakout could see the neckline reclaimed around $5,500, surpassing past all-time highs into new price discovery with a 100% move.
But as the bull market matures, if Ethereum continues to feature on mainstream balance sheets through corporate treasuries and ETF accumulation, the push could extend 365% to $10,000.
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The post 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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