Matrixport: Ethereum Funds Continue to Flow In, Re-Entry Opportunity May Be Approaching

BlockBeats News, December 25th, Matrixport released its daily chart, stating that Ethereum, similar to Bitcoin, often loses momentum when the price experiences a significant increase, especially when the price rises by over 60% within 30 days. Based on historical data, this is usually a good profit-taking opportunity. The price has now retraced to a level similar to a month ago, indicating a potential re-entry opportunity, especially if the cryptocurrency bull market is expected to continue until 2025.

It is worth noting that Ethereum has not exhibited a higher beta characteristic in this round of rebound compared to the previous bull market. However, it remains a favored asset for 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 indicates that, even though its performance in this cycle is slightly below expectations, it still receives significant attention.