# Matrixport

Ethereum volume has significantly decreased, and investors' long positions have been closed.
According to news from Hash World, Matrixport's analysis indicates that Ethereum's trading volume has plummeted from 122 billion to 57 billion USD, leading to concentrated Close Position for long positions. Although there are still several technical supports below, the funding rate has fallen to below 10%, indicating a slowdown in ETF capital inflow momentum. Currently, Ethereum is in a digestion phase after being overbought, and implied volatility remains high. For aggressive investors, se

Matrixport predicts that ETH will fluctuate in the range of $4,355 to $4,958, with technical aspects being a key factor.
According to news from Hash World Chain, Matrixport's latest report shows that the Ethereum market remains the focus. ETH continues to rise, stabilizing near key moving averages, reflecting the low buying strength encountered in the market from early to mid-August. Momentum has slowed down, and it is expected to fluctuate between $4,355 and $4,958, with the possibility of testing the $4,355 moving average again. The key to future trends lies in whether related treasury compa

Bitcoin and Ethereum are the most profitable assets for the first half of 2024! - Matrixport 🔥
- $BTC and $ETH outperformed $NDAQ, $SPX, $OIL , $XAU, $USD, government bonds
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