Summary
- Matrixport stated its position that Ethereum must hold the $4,180 level.
- The report said that the Ethereum spot ETF and increase of reserve companies are essential elements for a short-term price increase.
- If the $4,180 support level collapses, additional downward movement may follow.
There is a claim that Ethereum (ETH) must hold the $4,180 level.
On the 19th (local time), Matrixport stated in a report, "The increase in Ethereum spot ETFs and reserve companies are essential factors for a short-term price rise of Ethereum," adding, "Still limited network activity remains less related to short-term upward momentum." The report continued, "Ethereum must hold the $4,180 level," and added, "If the support level collapses, additional downward movement is likely to follow."
As of 4:04 PM, on the Binance USDT market, Ethereum is trading at $4,242, down 0.35% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
