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According to a report by Jinse Finance, Matrixport released an analysis today showing that Ethereum has risen 18% this month, with 17 percentage points of that increase occurring during Asian trading hours. Over the past week, Bitcoin and Ethereum have risen by 8% and 19% respectively. The approaching "Crypto Week" and rising policy expectations have boosted market sentiment. Inflows from US-approved ETFs, corporate allocations, and anticipation of Circle's listing have become key drivers of the market. However, the influence on Ethereum's price formation is gradually shifting toward the Asian market.

According to a report by Jinse Finance, Michael Pfister from Commerzbank's research department stated that the US dollar may rise in the short term, but the increase is likely to be limited. The recent weakness of the dollar may currently be somewhat overdone, allowing for a slight rebound. However, the prospect of Federal Reserve rate cuts should curb any rebound in the dollar. In addition, actions such as Trump calling for rate cuts and criticizing the Fed's independence will also dampen the recovery. Commerzbank expects the Federal Reserve to cut rates in September. Therefore, he believes the current recovery phase of the dollar is unlikely to last long. (Jin10)