Matrixport published a market outlook noting that Ethereum transaction volume declined from $122 billion to $57 billion, a contraction driven largely by speculative long liquidations. The report highlights that the funding rate has fallen back below 10%, signaling an observable slowdown in ETF capital inflows.
The firm characterises Ethereum as being in a post-rally digestion phase with implied volatility remaining elevated. For market-savvy participants, selling covered call options is presented as a method to monetise the volatility premium while acknowledging heightened execution and assignment risk.
Matrixport emphasises that risk control and disciplined position sizing are paramount after price breached a key support level. The outlook deems a swift retracement to $5,000 unlikely in the near term and maintains a generally cautious stance pending clearer technical confirmation.