Matrixport: Ethereum’s Current Price Structure Reflects Not Only Market Momentum but Also the Synergy of Fundamental Support and Market Expectations

Odaily Planet Daily reports that Matrixport’s chart of the day highlights Ethereum’s recent price resilience, which has exceeded fundamental expectations. Despite persistently low on-chain activity as measured by gas fees and no significant rebound in overall network engagement, the price has not corrected but instead continued its steady upward trend. We believe this movement is primarily driven by several structural factors:
First, some institutions have gradually included ETH in their treasury assets, further reinforcing its “digital gold” status within asset allocation frameworks. Second, stablecoin issuance 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 regulatory clarity and institutional participation.
Combined with July’s historically strong seasonality, Ethereum’s current price structure is now supported not only by market momentum but also by the resonance of fundamentals and market expectations. For bullish holders, $2,500 should still be regarded as a key technical support level.