Matrixport: Ethereum funds continue to flow in, and opportunities for re-entry may come
According to online reports, Matrixport released a daily chart saying that Ethereum, like Bitcoin, tends to lose momentum when prices rise sharply, especially when prices rise by more than 60% in 30 days. Historically, this is usually a good profit opportunity. Prices have now retreated back to where they were a month ago, which could mean an opportunity to re-enter, especially if the cryptocurrency bull market is expected to continue into 2025. It is worth noting that Ethereum did not show the higher beta characteristics of the previous bull market in this round of rally. However, it remains a favored asset for investors. The recent continuous inflow of ETF funds is the best proof. This strong demand not only highlights the importance of Ethereum, but also shows that it still attracts much attention even though it performs slightly below expectations this cycle.
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