Matrixport: If Ethereum Fails to Hold $4180, Further Pullback Risk Remains
BlockBeats News, August 19th, Matrixport shared today's market insights as follows: The inflow of funds into the Ethereum ETF is mainly due to the establishment and expansion of "treasury-like companies." Whether the future market can continue to rise depends on the continued accumulation of these institutions, especially in the situation where on-chain activity remains sluggish.
Although stablecoin issuance is more concentrated on Ethereum, and the future incremental space is generally optimistic, this advantage mainly reflects the medium- to long-term potential, with limited contribution to income in the short term.
From a technical perspective, if Ethereum fails to hold above the $4,180 key level, there is still a risk of further downward correction.
You may also like
Gainers
Latest Crypto News
U.S. Consumer Confidence Falls to Over Three-Year Low, Expectations for Labor Market to Weaken Further
CryptoQuant: BTC Net Flow Shrinks as Long-Term Holders Sell Off Unabsorbed
U.S. October New York Fed 1-Year Inflation Expectation is 3.24%, down from the previous value of 3.38%.
ZEC Surges Significantly, Reaches $750, Hits New All-Time High
「Top 100% Win Rate Whale」 Goes Short on ZEC Again, Liquidation Price $741.5
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]