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Matrixport: Ethereum Buying Pressure Weakening, Risk Control Needs Strengthening

BlockBeats News, September 22nd, Matrixport released a market view stating, “In the past period of time, the risk-return of Ethereum long positions has been more advantageous. However, as the market enters a rapid upward trend, technical indicators often fail. Especially when the weekly stochastic indicator reaches an extremely high level and reverses, whether investors are cautious or not often determines whether profits can be locked in.”

Over the past few months, the Ethereum Treasury has been the main buyer, and with the shrinking net assets, its ability to add funds may be limited. In this context, strict risk management appears to be more prudent.”

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