Coinbase Unveils Tokenized Stocks on Base Amid Ethereum Momentum Warning

Coinbase has taken a major step in expanding its offerings by launching tokenized stocks on its Base platform.

This move is expected to accelerate the development of tokenized asset infrastructure on the Ethereum L2, as Bitwise has already signaled plans for immediate follow-on products.

The Ethereum price is currently holding steady within its Bollinger band, with a support level at $2266.38 provided by the EMA50 and $2017.94 from the EMA200.

However, a MACD death cross at 66.23 warns of potential short-term momentum loss, which may lead to a retracement towards the 50-EMA before any continuation.