Matrixport: Ethereum's rise may be driven by Asia, "Crypto Week" boosts market sentiment

ChainCatcher message, Matrixport's latest report indicates that Ethereum (ETH) has risen by 18% this month, with 17 percentage points contributed by the Asian trading session, showing a significant increase in the Asian market's influence on ETH pricing. Over the past week, Bitcoin and Ethereum have risen by 8% and 19% respectively, with market sentiment clearly improving.

This upward trend is mainly driven by two factors: first, the warming policy expectations brought about by the approaching "Crypto Week," including stable inflows of U.S. ETF funds and the progress of Circle's listing; second, continuous increases from Asian institutions.