Cryptocurrency investment and research company Matrixport stated in its latest assessment of the Ethereum market that the current outlook supports bullish expectations.
In a social media post, the company stated that the recovery seen in Ethereum over the past two to three weeks is still technically attractive. Matrixport emphasized that the improving technical signals are supported by more positive on-chain data, which is consistent with the company’s overall strategy.
The statement indicated that the market is gradually digesting a “bear market” formation, at least for now. According to Matrixport, another noteworthy element is the simultaneous heavy selling in bullish options for Ethereum and steady buying in the spot market. This combination suggests that the current risk appetite is more systematic and planned, rather than driven by excessive speculation.
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