According to Mars Finance, on August 19, Matrixport shared today's market views as follows: The inflow of funds into Ethereum ETFs is mainly due to the establishment and expansion of 'treasury-like companies'. Whether the market can continue to rise in the future depends on these institutions' ongoing investments, especially given the still low 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 represents medium to long-term potential, with limited short-term contribution to income. From a technical perspective, if Ethereum cannot hold the $4,180 level, there remains a risk of further pullback.

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