
Asia is the real powerhouse behind Ethereum’s rally: report
Ethereum, the second-largest crypto asset, has been in a strong uptrend over the past week, rallying alongside the broader market. While much of the uptick has been tied to positive investor sentiment and favorable U.S. regulatory outlook, new data points to another key driver. According to a July 16 Matrixport report, nearly all of Ethereum’s recent upside is being driven by Asia-based traders. Out of the 20% ETH (ETH) has gained over the past month, 17 percent of that occurred during Asian trading hours. Ethereum’s demand by trading region | Source: Matrixport The data suggests that momentum in the asset’s…








