Last week's Ethereum momentum was driven by market mechanics like position unwinding and rebalancing rather than fresh capital influx.
Investment enthusiasm for Ethereum remains low despite recent uptick according to Duong, who suggested the price move does not reflect strong investment appetite.
Bitcoin's outlook appears more positive as it continues to strengthen and could expand its market dominance due to a favorable macroeconomic backdrop.
Geopolitical tensions in Asia, particularly Japan's upcoming elections, may impact trade discussions and add uncertainty despite positive factors in the US-China relationship.