Standard Chartered's Geoffrey Kendrick reported that Coinbase sold 12,652 Ethereum (ETH) in the fourth quarter of 2024, valued at approximately $25 million. This sale was attributed to profits generated from Base, a platform that has reportedly siphoned $50 billion in market cap from Ethereum. The report indicates that Coinbase's strategy involved accumulating ETH in the second and third quarters of 2024, followed by the substantial sale in Q4. The Ethereum market is currently facing challenges, with prices having dropped over 52% from their peak in December 2024. Analysts suggest that Ethereum's price could decline further by 25% due to disappointing on-chain metrics. In contrast, Bitcoin has performed well, rising 32% over the past year to reach an all-time high of $109,000, while Ethereum's market share has decreased from 16% to 8%. Standard Chartered has also lowered its price target for Ethereum in 2025 to $4,000, citing ongoing market pressures.