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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.
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