Matrixport: The market share of Ethereum has dropped to 10%, and the price of ETH may continue to be under pressure

ChainCatcher news, Matrixport released a report today stating that since late January, the cumulative inflow of funds into Ethereum spot ETFs has reached $500 million, but the ETH price has not shown a significant rebound, indicating that market selling pressure remains strong. Nevertheless, the interest from long-term value investors seems to be recovering, with some institutions, including members of the "World Financial Freedom" organization, starting to pay attention to ETH.

Looking ahead, the Ethereum network upgrade in March is seen as a potential catalyst, but the market reaction has been relatively lukewarm, failing to recreate the enthusiastic atmosphere seen during past upgrades. The market generally believes that this upgrade is unlikely to trigger a major trend. In the absence of clear positive factors, the ETH price may continue to be under pressure. Currently, Ethereum's market share has dropped to 10%.