CoinVoice recently learned that Matrixport released today's market analysis indicating that Asia continues to lead in the performance of altcoins, especially Ethereum (ETH) and XRP. Ethereum has shown resilience driven by several important catalysts. Despite current Gas fees being relatively low, funding rates have surged to double digits—although this figure remains moderate compared to futures positions and inflows into Ethereum ETFs.
Last week, Matrixport analyzed Ethereum's performance during different trading hours globally, and Asia's influence has since become increasingly significant—directly driving the strong rise of ETH over the weekend. However, this story is not limited to speculative capital flows and institutional allocations. The significant rebound in decentralized finance (DeFi) activity is also providing support for Ethereum's upward trend. [Original link]
