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Ethereum Surges 45% Monthly Due to Asian Buying, Institutional Allocation, and DeFi Rebound

Summary: According to Matrixport, Ethereum (ETH) has shown significant strength in the past month, with a 66% increase during Asian trading hours and a total monthly surge of 45%, outperforming the US (2%) and European (-23%) trading hours. Analysts attribute this ETH rally to multiple positive factors such as continued inflow of holdings and ETF funds, ...

According to Matrixport, Ethereum (ETH) has shown significant strength in the past month, with a 66% increase during Asian trading hours and a total monthly surge of 45%, outperforming the US (2%) and European (-23%) trading hours. Analysts attribute this ETH rally to multiple positive factors such as continued inflow of holdings and ETF funds, improved market sentiment, increased institutional allocation, and a rebound in DeFi activity. Despite network gas fees remaining low, ETH funding rates have risen to double digits.

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