CoinVoice has recently learned that Matrixport analysts have indicated that Ethereum has shown unexpected price resilience recently. Although on-chain activity remains sluggish and gas fees have not seen a significant rebound, the ETH price still maintains a robust upward trend.
The report believes that this market performance is primarily driven by three major factors: institutional investors continuously increasing their holdings of ETH, reinforcing its asset property as 'digital gold'; the active issuance of stablecoins on the Ethereum network, providing ample liquidity for the ecosystem; and the smooth advancement of the U.S. (GENIUS Act), bringing medium- to long-term policy benefits to the market. In addition, the resonance of seasonal market factors and optimistic market sentiment further solidifies the current price structure. Technical analysis shows that the $2500 level remains a key support level that bulls need to defend. [Original link]
