In March, the US ETH spot ETF saw a net outflow, with ETH dropping 20.15%, but ETH is worth watching after mid-April:
Total net inflow in March: -$403.38M
Total net assets (USD) in March: $6.28B, change: -$1.44B
ETH price change in March: -20.15%
ETH-ETF accounted for 2.80% of ETH market value in March
In March, the ETF experienced significant outflows, leading to a 20% drop in ETH, which is also highly correlated with the decline in US stocks. A considerable number of retail investors lost confidence in ETH, and even the guardians had to sell their chips. Although there was a large net outflow from the ETF, the coin price did not fall daily; there were still many days with positive gains, indicating that there is capital accumulating at the bottom. It can be observed that they maintained ETH's stability at the price range of 1700-2000. The ETH Pectra upgrade will also take place on May 7, so ETH is worth watching after mid-April.
