Ethereum's Bearish Trend Expected to Continue Despite ETF Inflows

Son Min

Summary

Matrixport stated that the large-scale selling of Ethereum is continuing, making it likely that the price will keep declining.
Matrixport explained that the impact of the Factra upgrade on Ethereum's price increase will be limited.
While some interest from WLFI investors in purchasing is seen as positive, there is no significant change in market sentiment.

An analysis suggests that the price of Ethereum (ETH) is likely to continue its decline.

On the 9th (local time), Matrixport stated on X, "Since the end of January, a total of $500 million has flowed into Ethereum spot ETFs," but added, "The price of Ethereum has not shown a clear rebound." They further stated, "This is evidence that large-scale selling of Ethereum is still ongoing," predicting that Ethereum is likely to continue its decline.

The Factra upgrade scheduled for March was also mentioned. Matrixport explained, "The Factra upgrade could be a catalyst for an increase, but the market sentiment is lukewarm," adding, "There is little expectation that it will impact price increases." However, they noted, "It is positive that some World Financial Liberty (WLFI) investors are showing interest in buying Ethereum."

Meanwhile, the Trump family's DeFi project, WLFI, has been steadily purchasing Ethereum. Previously, Eric Trump also mentioned on X that "it's a good time to buy Ethereum."

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