Morning Minute: Coinbase Gives AI Agents Their Own Wallets

💡 DMK Insight

Coinbase’s pivot towards AI could reshape crypto trading dynamics, especially for ETH holders. With ETH currently at $1,947.74, traders should keep an eye on how Coinbase’s AI initiatives might influence market sentiment and trading volumes. If AI adoption accelerates, we could see increased institutional interest in ETH, potentially driving prices higher. However, it’s worth noting that this could also attract volatility, especially if speculative trading kicks in. Look for key resistance around $2,000; a break above could signal a bullish trend. Conversely, if the market reacts negatively to AI hype, we might see ETH testing support levels below $1,900. Monitoring trading volumes and sentiment around Coinbase’s announcements will be crucial in gauging the impact on ETH and related assets like BTC, which often moves in tandem with ETH. So, keep your charts ready and watch for those critical price levels as the AI narrative unfolds.