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Matrixport: Ethereum rises strongly due to Asian buying, institutional allocation and DeFi recovery


2025-07-2110676 Views
Matrixport released daily chart analysis, stating that the recent altcoin market was driven by the Asian market, with Ethereum (ETH) and Ripple (XRP) performing well. Ethereum continued to strengthen under multiple potential catalysts, with market sentiment remaining positive even as network gas fees remained low. Currently, ETH's funding rate has risen to double digits, coupled with continuous inflows of futures positions and ETF funds, the market heat is gradually increasing, although the overall level is still in a moderate range.




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