Odaily Planet Daily reports that Matrixport has released a chart today stating that recently, the price of Ethereum has shown resilience beyond fundamental expectations. Despite the on-chain activity measured by Gas fees remaining sluggish, the overall heat of the network has not significantly rebounded, but the price has not shown a pullback; instead, it continues to rise steadily. We believe that the driving factors behind this trend are mainly due to the following structural elements: Firstly, some institutions have gradually included ETH in their treasury assets, further strengthening its position as 'digital gold' in the asset allocation system; secondly, 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 and institutional participation. Coupled with the historically strong seasonality of July, the current price structure of Ethereum not only reflects market inertia but also embodies the resonance of fundamental support and market expectations. For long position holders, $2,500 should still be viewed as a key technical support level.

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