According to BlockBeats, on August 27, Matrixport released the latest report on social media, stating that the current market focus continues to gather around Ethereum and Ethereum treasury concept companies. The current upward trend of Ethereum has not been broken, and it has gained support at the moving average, with significant results from the buy-the-dip strategy in mid-August.
Analyst Markus Thielen stated that the upward momentum of Ethereum is weakening, and it is expected to fluctuate between $4,355 and $4,958, with a high likelihood of testing the $4,355 support again. The subsequent trend largely depends on the fundraising capability of Ethereum treasury concept companies and the market narrative they convey.
This remains the core theme of the crypto market—respecting technical analysis may become the dividing line between profit and loss.
