Matrixport: ETH market selling pressure remains strong, and market share has dropped to 10%
Matrixport tweeted that although the Ethereum spot ETF has attracted a cumulative inflow of $500 million since late January, the ETH price continues to be under pressure. Data shows that Ethereum's market share has dropped to 10%, and the increase brought by the Trump market in November last year has basically been given back, and market selling pressure remains strong. However, the interest of long-term value investors seems to be heating up, and even members of World Liberty Financial have expressed their interest in ETH. Looking ahead, the Ethereum network upgrade in March may become a potential catalyst, but the market reaction is relatively tepid, unlike the enthusiastic atmosphere during the past few upgrades. Currently, the market generally believes that this upgrade is difficult to drive a big market. In the absence of clear positive news, the ETH price may continue to be under pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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