Matrixport: If Ethereum Fails to Hold the $4,180 Level, Further Downside Risk Remains

BlockBeats News, August 19 — Matrixport shared its market outlook for today as follows: The inflow of funds into Ethereum ETFs is primarily driven by the establishment and expansion of "treasury-type companies." Whether the market can continue its upward trend in the future depends on the sustained commitment of these institutions, especially given the persistently low on-chain activity.

Although stablecoin issuance remains largely concentrated on Ethereum and the market generally holds an optimistic view of its future growth potential, this advantage is mainly reflected in the medium to long term, with limited short-term contribution to revenue.

From a technical perspective, if Ethereum fails to hold the $4,180 level, there remains a risk of further correction.