TechFlow news, July 21 — Matrixport released its market analysis for today. Ethereum (ETH) stood out during the Asian trading session, posting a monthly gain of 66%, significantly surpassing the global average of 45% and the U.S. market's 2%. Meanwhile, the European market declined by 23%. Analyst Markus Thielen noted that the influence of Asian markets is becoming increasingly significant, serving as the primary driver behind ETH's strong weekend rally. In addition to speculative capital and institutional allocations, the rebound in DeFi activity has also been a key factor propelling Ethereum's rise. Currently, ETH funding rates have risen into double digits, and with sustained inflows in futures positions and ETF funds, market热度 is gradually warming up, although overall levels remain moderate.
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