Coinbase sees Bitcoin undervalued and Ethereum showing early recovery signs amid macro uncertainty.

Coinbase's Q2 crypto market report highlights ongoing macroeconomic uncertainties like inflation and oil supply risks as key market drivers. Despite this, Bitcoin is widely viewed as undervalued by both institutional and retail investors, with sentiment improving after a February sell-off. Ethereum is moving from a phase of capitulation to one of hope, showing early signs of recovery in April. Coinbase advises a balanced risk approach, noting potential easing of geopolitical tensions could support a market rebound later in the quarter.