I feel like a new wave of users is coming to the market now. Like me 😂 — people who didn't jump on the hype in the last cycle, because our life has already taught us — it's too late to jump on the hype.

Why is ETH holding above $2,500, even with low gas fees? This question was raised by analysts at #Matrixport. For once, they diverted their attention from BTC:
"Although such low fees may partly be related to the March Ethereum network upgrade, they still reflect overall sluggish on-chain activity.
Nevertheless, Ethereum's resilience is supported by a number of key factors:
- individual corporations are starting to use #ETH as a reserve asset;
- a significant portion of stablecoins is still issued on the Ethereum network;
- in the USA, the process of approving the GENIUS Act is ongoing, which adds additional structural significance to the network."
Furthermore, historically, July shows a bullish trend for ETH. Analysts believe that for those holding long positions on the asset, the level of 2,500$ should be seen as a key support level.