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Ethereum Catches Up, But Market Still Cautious on Allocation

  • 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.

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