【Ethereum Alert! Matrixport Warns: ETH$ETH Must Hold $4180 or Risk Further Correction】

Is Ethereum's upward momentum in question? According to BlockBeats, on August 19, Matrixport's latest market insights indicate that the current inflow of funds into Ethereum ETFs is primarily driven by the establishment and expansion of 'treasury-like companies.' Whether the market can continue to rise depends on whether these institutions will keep increasing their investments—after all, on-chain activity is still hovering at low levels.

Although stablecoin issuance is increasingly concentrated in Ethereum, the medium to long-term incremental potential is generally viewed positively by the market, but in the short term, it has limited impact on revenue.

More crucial technical signals are here: Matrixport warns that if Ethereum cannot hold the $4180 level, the risk of further correction will be hard to conceal! Investors should keep a close eye on this key level. $ETH