Matrixport: If ETH does not hold the level 4 180$ - the risk of further pullback remains.

Analysts at #Matrixport note that the rally of #ETH currently depends directly on two things:

- Demand from Treasuries (Treasury Demand).

- Support at the level of $4,180.

The main driver of the asset's growth is ETF inflows, which are fueled by the growth of Ethereum Treasury companies. Their sustained participation is critically important for continuing the upward movement, considering that network activity remains sluggish.

At the same time, #Ethereum remains the primary platform for issuing stablecoins (unlike Tron), and expectations for further emissions are high. But for now, this is a story about the future, not current revenues.

Additionally, it is noted that the price is currently below the level of $4,180, but in such a situation, it is more appropriate to monitor not the breakout but the consolidation. The higher the timeframe, the better for confirmation.