Analysts are looking for additional information on Coinbase’s ability to maintain its current recovery, despite expectations of quarter-over-quarter improvements due to the recent increase in crypto prices. The company will announce its fourth quarter results soon, and analysts are particularly interested in whether Coinbase was profitable during the last three months of the year. Morningstar analyst Michael Miller believes there is hopeful anticipation for a significant increase in Coinbase’s trading revenue. The increase in cryptocurrency prices has led to an uptick in trading volume, which will benefit Coinbase greatly. Bitcoin’s price increased by over 103% in the last quarter before the Securities and Exchange Commission gave approval for the first US spot bitcoin exchange-traded funds in January. Bitcoin’s value surpassed $22,600 in early December, marking a 25% increase over the course of 30 days. The price of the asset surpassed $50,000 on Monday. Miller explained to Blockworks that the rally happened during the middle of the quarter, so Coinbase did not fully benefit from it in Q4. “However, I anticipate that the fourth quarter will show a significant improvement compared to the results of the third quarter.” In the third quarter, Coinbase earned $289 million in transaction revenue, which was slightly lower than the revenue in the preceding quarter, decreasing by 2.63%. However, the company’s adjusted EBITDA remained positive for the third consecutive quarter at $181 million. This indicates Coinbase’s potential as a “crypto super app,” according to analysts.