$ETH According to Matrixport's daily analysis on February 10, Ethereum (ETH) spot ETFs have experienced a significant inflow of $500 million since late January. However, despite this influx, the price of Ethereum has not seen a substantial rebound. This suggests that while the gains from the November election rally, which was influenced by U.S. President Donald Trump's campaign, have largely been undone, strong selling pressure persists in the market.
Despite these challenges, there is growing interest in Ethereum from long-term value investors. Notably, even members of the 'World Financial Freedom' organization are showing interest in ETH as a potential investment.
Looking ahead, the upcoming Ethereum network upgrade scheduled for March is expected to be a key event. However, market reactions have been relatively subdued compared to the enthusiastic response seen during previous upgrades. The consensus in the market is that this upgrade may not trigger a significant price rally. Without clear positive catalysts, Ethereum's price could remain under pressure, with Ethereum's market share currently at 10%.
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