- Ethereum surged by 66% during Asian hours, far outperforming U.S. at 2% and Europe at -23% over the past month.
- Spot ETH ETF inflows hit $2.18B weekly, a record high, signaling strong institutional demand amid market caution.
- DeFi revival and altcoin interest are boosting ETH momentum, as Bitcoin dominance drops and XRP eyes a $5 breakout.
Ethereum has surged above $3,800 following strong buying activity during Asian trading sessions and mounting spot ETF inflows. Over the past month, Ethereum has had the highest performance during Asian hours, outperforming both U.S. and European markets.
New data from Matrixport shows Ethereum rose by 66% during Asian hours, while the U.S. and Europe recorded only 2% and -23% respectively. The price movement gained further scrutiny over the weekend as flows from Asia intensified.
Asian Traders Lead Ethereum Surge
Asia’s dominant role in the current altcoin market performance has become increasingly visible. Ethereum and XRP are seeing strong buying activity during the region’s trading hours.
Analysts had already noted this trend on July 9, and since then, Ethereum has gained further ground. Despite low gas fees, Ethereum futures funding rates have reached double digits, showing growing leveraged positions.
In addition to speculative inflows, institutional interest is high. What is notable is the consistent rise in spot Ethereum ETF inflows, which hit $2.18 billion last week. This figure is a record high for weekly net inflows. These flows have boosted Ethereum’s momentum despite broader market caution ahead of Federal Reserve policy updates.
DeFi Activity Sees Uptick, Boosting Ethereum’s Momentum
A resurgence in DeFi activity has also played a key role in Ethereum’s recent rally. The decentralized finance sector is experiencing higher user activity, further lifting Ethereum’s usage and investor confidence.
This uptick adds to the strength to Ethereum’s price action, complementing ETF demand and treasury adoption. Meanwhile, the broader crypto market is showing signs of optimism. Bitcoin has climbed above $119,200, although buying momentum remains cautious.
Bitcoin dominance has dropped to 59%, suggesting a change in investor focus toward altcoins. Google search trends show interest in altcoins is rising, surpassing the November peak. This shift has fueled broader gains across the market.
XRP Price Surges as Stablecoin and Technical Factors Align
XRP has also gained momentum, rising by 4% in 24 hours and trading at $3.57. Investor activity increased after news on the GENIUS Act, which is expected to support RLUSD stablecoin usage.
On technical indicators, XRP’s daily structure now displays a potential golden cross formation. If confirmed, this could support a rally toward $5 as volume and liquidity continue to rise. Looking ahead, U.S. monetary policy is a key factor.
Fed Chair Jerome Powell reaffirmed a hawkish stance amid inflation concerns tied to tariffs. However, rate cuts could still occur by September. As per the CME FedWatch Tool, the Federal Reserve may lower interest rates by 50 basis points this year, providing further fuel for altcoin strength.
