Matrixport: ETH market share has dropped to 10%, ETH price may continue to be under pressure

Matrixport released a report today stating that since late January, the cumulative inflow of funds into Ethereum spot ETFs has reached $500 million, but there has been no significant rebound in ETH prices, indicating that market selling pressure remains strong. However, the interest of long-term value investors seems to have rebounded, and some institutions, including members of the World Financial Freedom organization, have also begun to pay attention to ETH. Looking ahead to the future, the Ethereum network upgrade in March is seen as a potential catalyst, but the market response has been relatively lukewarm, failing to recreate the enthusiastic atmosphere of previous upgrades. The market generally believes that this upgrade is unlikely to trigger a major market trend. In the absence of clear positive factors, ETH prices may continue to be under pressure. At present, the market share of Ethereum has dropped to 10%.