Matrixport: Whether Ethereum Can Sustain Its Rally Depends on Treasury Demand and Its Ability to Hold the $4,180 Support
According to Jinse Finance, Matrixport released a chart today stating, "The inflow of funds into Ethereum ETFs is mainly driven by the establishment and expansion of 'treasury-type companies.' Whether the market can continue its upward trend in the future largely depends on the sustained investment from these institutions, especially given the persistently low on-chain activity. Although stablecoin issuance is more concentrated on Ethereum and the market generally holds an optimistic outlook for future growth, this advantage mainly reflects Ethereum's long-term potential, with limited short-term contribution to revenue. From a technical perspective, if Ethereum fails to hold the $4,180 level, there remains a risk of further correction."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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