Ethereum and Coinbase are both breaking past downtrends, signaling a fresh bullish cycle backed by strong investor momentum.
ETH is on track for $3,500 this month as its rebound mirrors Coinbase’s sharp recovery from yearly lows, boosting market sentiment.
Rising together, ETH and COIN show how tightly linked crypto and crypto stocks are, with both pointing to more upside ahead.
Ethereum’s strong comeback is gaining momentum as Coinbase stock surges, hinting at more upside for ETH in the short term. After months of downside pressure, both assets have finally broken out of sustained downward trends. ETH is now trading near $3,033 after rebounding from mid-year lows of $1,300. Similarly, Coinbase (COIN) stock has spiked to $393 from a low of $141.
Besides, the charts reveal almost identical patterns for ETH and COIN from December 2024 to July 2025. Both suffered sharp declines, then hit strong support, and have now bounced back with force. Moreover, ETH is widely expected to reach $3,500 this month, with $4,000 possible in Q3. This outlook is strengthened by COIN’s ongoing rally, which typically correlates with Ethereum’s market behavior.
Coinbase Surge Mirrors Ethereum Recovery
Coinbase stock dropped from $420 to $141 earlier this year. However, it recently broke above its descending trendline and recovered sharply. This move points to renewed institutional interest and growing optimism in the broader crypto market. Ethereum followed a nearly identical path—crashing from $4,000 to $1,300—then surging past resistance to reclaim the $3,000 level.
Source: Ted
Additionally, both assets now trade above their previous trendlines. These trendline breakouts usually hint at bullish trend reversals. The market has responded quickly. Hence, confirmation of the new uptrend could send prices even higher in the coming weeks.
Outlook for ETH Remains Bullish
Ethereum’s technical setup now supports further gains. The $3,000 zone is acting as a strong pivot level for bulls. If ETH holds above this mark, the $3,500 target could be hit soon. Besides, rising investor confidence in COIN suggests that the crypto rally has deeper roots.
Consequently, Ethereum continues rising, with $4,000 firmly in sight by Q3. Moreover, the synchronized movements between ETH and COIN confirm strong ties between crypto prices and related equities.
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