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#FeiXiaoHao News: Matrixport: The current price structure of Ethereum is not only driven by market inertia but also reflects the resonance of fundamental support and market expectations.
Matrixport released today’s chart stating that recently, Ethereum's price has shown resilience beyond fundamental expectations. Despite the continued low on-chain activity measured by Gas fees, the overall network heat has not significantly rebounded, yet the price has not retraced but continued its steady upward trend.
We believe that this trend is mainly driven by the following structural factors:
First, some institutions have gradually included ETH in their treasury assets, further strengthening its positioning as “digital gold” in the asset allocation system;
Second, the issuance of stablecoins on the Ethereum network remains active, continuously injecting liquidity into the on-chain ecosystem;
At the same time, the advancement of the U.S. “GENIUS Act” brings medium to long-term policy benefits for Ethereum in terms of compliance pathways and institutional participation.
Combined with the historical 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 bullish holders, $2,500 should still be regarded as a key technical support level.
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