Matrixport: ETH is expected to fluctuate in the range of $4,355 - $4,958, with technical factors likely influencing profit and loss
According to Matrixport's latest report, the market focus remains on Ethereum and related treasury-type companies. Ethereum continues to rise and is stabilizing near key moving averages, reflecting the buying strength during the dips from early to mid-August. However, momentum has slowed down, and it is expected to maintain fluctuations in the range of $4,355 - $4,958, with the possibility of testing the $4,355 moving average again.
The key to future trends lies in whether treasury-type companies can continue to attract funds and shape narratives in the market. Overall, the main theme of the crypto market has not changed, and technical factors may become important factors influencing profit and loss. $BTC
