According to ChainCatcher's message, Matrixport released a report today stating that since late January, the cumulative inflow of capital into Ethereum spot ETFs has reached $500 million, but the ETH price has not shown a significant rebound, indicating that the selling pressure in the market remains strong. Nevertheless, the interest of long-term value investors appears to be on the rise, with some institutions, including members of the "World Financial Freedom" organization, also 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 replicate the enthusiastic atmosphere of previous upgrades. The market generally believes that this upgrade is unlikely to trigger a major market movement. In the absence of clear positive news, the ETH price may continue to face pressure. Currently, Ethereum's market share has dropped to 10%.
