Matrixport released today's chart saying that recently, the price of Ethereum has shown resilience beyond fundamental expectations. Although the on-chain active level measured by gas fees has continued to be sluggish, and the overall popularity of the network has not yet picked up significantly, the price has not shown a correction, but has continued to rise steadily. We believe that this trend is mainly driven by the following structural factors:
First, some institutions have successively included ETH in their vault assets, further strengthening their "digital gold" positioning in the asset allocation system; secondly, the issuance of stablecoins on the Ethereum network is still active, continuing to inject liquidity into the on-chain ecosystem; at the same time, the advancement of the US "GENIUS Act" has brought medium and long-term policy benefits to Ethereum in terms of compliance paths and institutional participation.
Superimposed on the seasonal strength of July, the current price structure of Ethereum is not only driven by market inertia, but also reflects the resonance of fundamental support and market expectations. For bulls, $2,500 should still be considered a key technical support level.
Matrixport: Ethereum at $2,500 should still be considered a key technical support level
2025-07-09 07:13:23
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