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Matrixport: Ethereum funds continue to flow in, and re-entry opportunities may come soon

Matrixport published a daily chart saying that Ethereum, like Bitcoin, tends to lose momentum when prices rise sharply, especially if the price rises more than 60% in 30 days. Historically, this is usually a good opportunity to profit. Prices have now pulled back to where they were a month ago, which could mean a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to continue into 2025. It is worth noting that Ethereum has not exhibited the higher beta characteristics of the previous bull market in this round of rally. However, it is still a favored asset by investors. The recent continued inflow of ETF funds is the best proof. This strong demand not only highlights the importance of Ethereum, but also shows that it is still in the spotlight even if it performs slightly below expectations this cycle.