Coinbase Introduces On-Chain Loans Secured by ETH in Partnership with Morpho
Coinbase and Morpho Partnership: Coinbase has launched an ETH-backed on-chain lending product in collaboration with Morpho, allowing qualified U.S. users to borrow up to $1 million USDC using ETH/WETH as collateral.
Loan Details and Conditions: The product features a 75% loan-to-value ratio and allows for liquidation if collateral value falls below an 86% threshold, enhancing the utility of ETH in decentralized finance (DeFi).
Impact on DeFi Ecosystem: This initiative is expected to increase the on-chain utility of ETH and reflects a growing trend of integrating centralized exchanges with DeFi protocols, potentially boosting institutional engagement.
Future of On-Chain Lending: Coinbase's CEO, Brian Armstrong, emphasizes the importance of composable, on-chain lending for the next wave of crypto adoption, indicating a maturation of DeFi lending infrastructure.
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Technical Analysis for MORPHO
Technical Sentiment Analysis for Morpho (MORPHO) As of , Morpho (MORPHO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MORPHO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MORPHO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Morpho (MORPHO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.563 | 0.762 | 0.961 | 1.16 | 1.359 | 1.558 | 1.757 |
| Fibonacci | 0.762 | 0.914 | 1.008 | 1.16 | 1.312 | 1.406 | 1.558 |
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