Matrixport: Recently, funds have been continuously flowing into Ethereum ETFs, and there may be opportunities for re-entry in the future

ChainCatcher news, Matrixport released a daily chart stating that Ethereum, similar to Bitcoin, often loses momentum when prices rise significantly, especially when prices increase by more than 60% within 30 days. Historically, this has often been a good opportunity to take profits. Currently, the price has retraced to the level it was a month ago, which may indicate that a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to last until 2025.

It is worth noting that Ethereum has not exhibited the higher beta characteristics seen in the previous bull market during this round of rebound. However, it remains a favored asset among 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 it remains a focus of attention even if it has slightly underperformed expectations in this cycle.