Matrixport has reported a notable trend in the crypto market, particularly regarding Ethereum. As of February 10, the firm highlighted that since late January, the Ethereum spot ETF has witnessed inflows totaling approximately $500 million. Nevertheless, the price of ETH has failed to exhibit a substantial rebound. This development reflects persistent selling pressure despite the inflow of funds, illustrating a disconnect between market sentiment and actual performance.
Interestingly, interest from long-term value investors appears to be rising, with entities such as the “World Financial Freedom” organization showing a keen interest in Ethereum. As we approach a critical network upgrade set for March, it remains to be seen how the market will respond. Current sentiment suggests that unlike previous upgrades, which generated significant enthusiasm, this particular upgrade may not act as a strong price catalyst. Consequently, without additional positive drivers, ETH could continue to face challenges, with its market share positioned at just 10%.