Coinbase Institutional: Ethereum gained 71% in Q3
- —Ethereum gained 71% in Q3, per Coinbase Institutional
- —Profitable ETH supply stayed outside the firm's warning zone
- —The metric tracks distribution risk as profitable supply rises
- —Exact price levels and quarter dates were not disclosed
Why it matters: The signal points to a broad-based rally without distribution pressure, though it is not a forward-looking price forecast.
Source: Coincu