Fundamentals are also driving the market higher as sentiment has improved over the last couple of weeks. There have also been a number of announcements that have demonstrated the continued interest from deep pockets into the infrastructure of the cryptocurrency space. Lastly, many projects have started to deliver on their roadmaps which make the reality of blockchain technology come closer to higher adoption in many industries. The only wild card left is where will regulation land as it continues to be a cloud over the interest of many potential participants.
Thank you so much for reminding us of the 'news' behind the technical. There is a reason for all this bullishness!
For me, it is an important part of the process. The way I see it is Technical Analysis lets us know WHEN to move in/out a position but Fundamental Analysis lets you know IF you should move in/out of said position. People can assign different weights but it is good to have both. This is more for long term holders as traders do not really care for Fundamentals as their timeframe can be only minutes.