Matrixport: Ethereum funds continue to flow in, and opportunities for re-entry may come soon
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2024-12-25 15:32 3,295
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Golden Finance reported that Matrixport released a daily chart saying that Ethereum, similar to Bitcoin, tends to lose momentum when the price rises significantly, especially when the price rises by more than 60% in 30 days. Judging from historical data, this is usually a profit opportunity. Prices have now pulled back to where they were a month ago, which could mean a re-entry opportunity is brewing, especially if the crypto bull run is expected to continue into 2025.
It is worth noting that Ethereum has not exhibited the higher beta characteristics of the previous bull market in this rally. However, it remains a favored asset among investors. The recent continued inflow of funds into ETFs is the best proof of this. This strong demand not only highlights Ethereum’s importance, but also shows that it continues to attract attention even if it performs slightly below expectations this cycle.