Matrixport: Recently, funds have been continuously flowing into Ethereum ETFs, and another opportunity to enter the market may be coming

Matrixport released a daily chart stating that Ethereum and Bitcoin are similar in that they often lose momentum when their prices rise sharply, especially when the price increases by more than 60% within 30 days. Historical data shows this is usually a good opportunity for profit. The current price has retraced to the level of a month ago, which may mean an opportunity to re-enter the market is brewing, especially if the cryptocurrency bull market is expected to continue until 2025.

It's worth noting that Ethereum did not show higher beta characteristics in this rebound compared to the last bull market. However, it remains a favored asset among investors. The recent continuous inflow of ETF funds is the best proof of this strong demand. This not only highlights Ethereum's important position but also indicates that even if its performance in this cycle is slightly below expectations, it still receives considerable attention.