
Ether’s Leverage-Driven Rally Faces Breakdown Risk, Matrixport Warns
Ether’s ETH recent rally may be on shaky ground with one firm warning that last week’s price surge was largely fueled by speculative futures positions instead of a bump in organic demand. In a note on Monday, Matrixport opined that “leveraged traders have pushed [ETH’s] price higher in the absence of fundamental support,” adding that…