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Ethereums monthly gain reached 45% driven by Asian buying, institutional allocation and DeFi recovery
Odaily News Matrixport said in todays chart that Ethereum (ETH) has performed significantly better than other mainstream market periods in the past month, with an increase of 66% in the Asian period and an overall monthly increase of 45%, significantly better than the US (2%) and European (-23%) trading periods.
The analysis pointed out that this round of ETH rise was driven by multiple positive factors, including continued inflow of holdings and ETF funds, warming market sentiment, increased institutional allocation, and rebound in DeFi activity. At the same time, although the network gas fee remained low, the ETH funding rate has risen to double digits.
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