Coin World reported that Matrixport released today's chart stating, "The inflow of funds into Ethereum ETFs is primarily attributed to the establishment and expansion of 'treasury-type companies'. Whether the future market can continue to rise depends on the continued investment from these institutions, especially given the still sluggish on-chain activity. Although stablecoin issuance 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 contributions to revenue. From a technical perspective, if Ethereum cannot firmly hold the $4,180 level, there remains a risk of further pullback."