Deep Tide TechFlow News, August 19, Matrixport released today's chart stating, "The inflow of funds into Ethereum ETFs is mainly due to the establishment and expansion of 'treasury-type companies.' Whether the market can continue to rise in the future depends on the continued investment from these institutions, especially given the still sluggish on-chain activity.

Although the issuance of stablecoins is more concentrated in Ethereum, and the future incremental space is generally viewed positively by the market, this advantage mainly reflects long-term potential, with limited short-term contribution to revenue.

From a technical perspective, if Ethereum cannot firmly hold the $4,180 level, there is still a risk of further pullbacks."