"Ethereum must hold the $4,180 level"

Son Min

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.

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