Deep Tide TechFlow News, on July 9, Matrixport released today's chart stating that recently, the price of Ethereum has shown resilience beyond fundamental expectations. Despite the ongoing low on-chain activity measured by Gas fees, the overall network enthusiasm has yet to significantly rebound, but the price has not experienced a pullback and instead continues to rise steadily. We believe that this trend is primarily driven by several structural factors:
First, some institutions have gradually included ETH in their treasury assets, further strengthening its position as 'digital gold' in asset allocation systems; second, the issuance of stablecoins on the Ethereum network remains active, continuously injecting liquidity into the on-chain ecosystem; meanwhile, the advancement of the U.S. (GENIUS Act) has brought medium to long-term policy benefits for Ethereum in terms of compliance pathways and institutional participation.
Combined with July's historical seasonal strength, the current price structure of Ethereum not only reflects market inertia but also demonstrates a resonance of fundamental support and market expectations. For bullish holders, $2,500 should still be regarded as a key technical support level.
