Matrixport: US "Crypto Week" Heats Up, Ethereum Rally May Be Driven by Asia

According to a report by Jinse Finance, Matrixport released an analysis today showing that Ethereum has risen 18% this month, with 17 percentage points of that increase occurring during Asian trading hours. Over the past week, Bitcoin and Ethereum have risen by 8% and 19% respectively. The approaching "Crypto Week" and rising policy expectations have boosted market sentiment. Inflows from US-approved ETFs, corporate allocations, and anticipation of Circle's listing have become key drivers of the market. However, the influence on Ethereum's price formation is gradually shifting toward the Asian market.