Odaily Planet Daily reports that Matrixport released today's chart, stating that the market focus remains on Ethereum and related treasury companies. Ethereum continued its upward trend and stabilized near key moving averages, reflecting the market's dip-buying momentum in early to mid-August.

However, momentum has slowed, and the stock is expected to remain range-bound between $4,355 and $4,958, with a possible retest of the $4,355 moving average. The key to future trends lies in whether treasury companies can continue to attract capital and shape their narrative in the market.

Overall, the main line of the crypto market has not changed, and the grasp of technical aspects may become an important factor affecting profits and losses.