ETH Price Surge: Asian Market Fuels Ethereum's Rise

17 July, 2025, 09:29 AM

Cryptocurrency financial services firm Matrixport reports that the recent Ethereum (ETH) rally is largely fueled by the Asian market. While U.S. fund inflows contribute to the broader crypto surge, ETH's specific 18% increase in the past month predominantly occurred during Asian trading hours. This suggests a strong demand for ETH within the Asian crypto space. Factors potentially driving this demand include growing DeFi adoption, increased NFT activity, and regulatory developments in specific Asian countries. Further analysis is needed to determine the exact causes, but the Asian market undeniably plays a significant role in Ethereum's recent performance. ```