PANews July 9 news, Matrixport analysts stated today that the recent price of Ethereum has shown resilience beyond fundamental expectations. Despite the continued low on-chain activity and gas fees not significantly rebounding, the price of Ethereum remains steadily upward.
Analysis points out that this trend is primarily driven by the following factors: some institutions are incorporating ETH into their treasury assets, reinforcing its 'digital gold' positioning; active issuance of stablecoins is injecting liquidity into the on-chain ecosystem; and the advancement of U.S. (GENIUS Act) is bringing medium- to long-term policy benefits to Ethereum. At the same time, seasonal strength and market expectations further support the price structure. For bullish holders, $2,500 should still be regarded as a key technical support level.
