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Matrixport: Ethereum Faces Risk of Further Pullback if Unable to Hold $4180 Support Level
Summary: Matrixport shared today's market view that the inflow of funds into Ethereum ETFs is mainly benefiting from the establishment and expansion of treasury-class companies. The key to whether the future market can continue to rise lies in the continuous increase in positions by these institutions, especially in the current situation of low on-chain activity. Although ...
Matrixport shared today's market view that the inflow of funds into Ethereum ETFs is mainly benefiting from the establishment and expansion of treasury-class companies. The key to whether the future market can continue to rise lies in the continuous increase in positions by these institutions, especially in the current situation of low on-chain activity. Although stablecoin issuance is more concentrated on Ethereum and the future incremental space is generally optimistic, this advantage mainly reflects medium to long-term potential, with limited short-term contribution to income. From a technical perspective, if Ethereum is unable to hold the $4,180 support level, there is still a risk of further pullback.
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Link: Matrixport: Ethereum Faces Risk of Further Pullback if Unable to Hold $4180 Support Level [Copy]
