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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Ethereum monthly rise of 18% driven by Asian trading boosts ETH price
On July 16, a certain platform published today's market analysis, stating that Ethereum has risen 18% this month, with 17 percentage points coming from the Asian trading session. In the past week, Bitcoin and Ethereum have risen 8% and 19%, respectively.
The approaching "Crypto Week" and rising policy expectations are boosting market sentiment. The influx of funds through ETFs in the US, corporate allocations, and the expected listing of Circle are becoming important driving forces for the market. However, the influence of Ethereum's pricing is gradually shifting towards the Asian market.