Coinbase Sells 12,652 ETH, Standard Chartered Cuts ETH Target Price, Bear Market Signal?

Coinbase Actively Sold 12,652 ETH (approximately $37 million) in Q4, taking profits or suppressing prices.

Coinbase explained that Base has driven ETH demand, but the selling pressure from the exchange has affected ETH's price trend.

Standard Chartered Bank has lowered its ETH target price for 2025 this week, from $10,000 to $4,000!

Its Global Digital Assets Head, Geoff Kendrick, pointed out that Base has led to a $50 billion evaporation in ETH market cap, mainly due to profit-taking.

With Coinbase's sell-off and institutional bearish outlook, will ETH face a larger correction? Or are the big players washing out, waiting to accumulate at lower points? The market divergence intensifies, where is ETH headed in the future?🔥

4o