According to online reports, Matrixport released a daily icon analysis saying that the recent altcoin market has been driven by the Asian market, with Ethereum (ETH) and Ripple (XRP) performing well. Ethereum continues to strengthen under the catalysis of a number of potential positives, and market sentiment remains positive even though network Gas fees remain low. Currently, ETH's funding rate has risen to double digits. Coupled with the continued inflow of futures positions and ETF funds, the market heat has gradually heated up, although the current overall level is still in a moderate range. Last week, we analyzed Ethereum's performance in various global trading sessions. Since then, the influence of Asian markets has become increasingly significant and led to a strong rise in ETH over the weekend. However, this round of market is not only driven by speculative funds and institutional allocation. The rebound in DeFi activity has also become an important driving force for Ethereum's rise.