Deep Tide TechFlow News, on July 21, Matrixport released today's market analysis, stating that Ethereum (ETH) performed outstandingly during the Asian trading session, with a monthly increase of 66%, far exceeding the global average of 45% and the 2% in the U.S. market, while the European market saw a decline of 23%. Analyst Markus Thielen pointed out that the influence of the Asian market is becoming increasingly significant, serving as the main force driving ETH's strong rise over the weekend. In addition to speculative capital and institutional allocation, the recovery of DeFi activity is also an important driver for Ethereum's increase. Currently, the ETH funding rate has risen to double digits, combined with continuous inflows into futures positions and ETFs, the market's enthusiasm is gradually warming up, although the overall level remains in a moderate range.