Matrixport released a new report on social media, stating that the current market focus continues to be on Ethereum and Ethereum treasury concept companies. Ethereum's current upward trend remains unbroken and has received support at the moving average line. The buy-the-dip strategy in mid-August has been effective. Analyst Markus Thielen stated, however, that Ethereum's upward momentum is weakening, and it is expected to fluctuate in the range of $4,355 to $4,958, with a high likelihood of testing the $4,355 support level again. The future trend will largely depend on the fundraising ability of Ethereum treasury concept companies and the market narrative they convey. This remains the core theme of the crypto market - respecting technical analysis may be the watershed between profit and loss.
