Matrixport: Ethereum funds continue to flow in, and re-entry opportunities may come soon
Matrixport released daily charts showing that Ethereum and Bitcoin tend to lose momentum when their prices rise sharply, especially when they rise more than 60% in 30 days. Historically, this is usually a good opportunity to profit. Currently, prices have fallen back to where they were a month ago, which could mean a chance to re-enter, especially if the cryptocurrency bull market is expected to continue until 2025. It is worth noting that Ethereum did not show higher beta characteristics in this rebound than in the previous bull market. However, it remains a favored asset among investors. The recent continuous inflow of ETF funds is the best proof of this. This strong demand not only highlights Ethereum's important position, but also shows that even if it performs slightly below expectations in this cycle, it is still highly regarded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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