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Matrixport: Ethereum's Current Price Structure Reflects Fundamental Support and Market Expectations Resonance
Summary: Matrixport released a chart today stating that recently, Ethereum's price has shown resilience beyond fundamental expectations. Despite the low on-chain activity measured by Gas fees and the overall network heat not showing a clear recovery, the price has not experienced a pullback but instead continued to rise steadily. We believe that this trend is mainly ...
Matrixport released a chart today stating that recently, Ethereum's price has shown resilience beyond fundamental expectations. Despite the low on-chain activity measured by Gas fees and the overall network heat not showing a clear recovery, the price has not experienced a pullback but instead continued to rise steadily. We believe that this trend is mainly driven by several structural factors: Firstly, some institutions have gradually included ETH in their treasury assets, further strengthening its position as 'digital gold' in the asset allocation system; secondly, stablecoin issuance on the Ethereum network remains active, providing continuous liquidity injection into the on-chain ecosystem; at the same time, the advancement of the US 'GENIUS Act' brings medium to long-term policy benefits for Ethereum in compliance and institutional participation. Combined with the historical seasonal strength in July, Ethereum's current price structure is not only driven by market inertia but also reflects the resonance of fundamental support and market expectations. For long position holders, $2,500 should still be considered a key technical support level.
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Link: Matrixport: Ethereum's Current Price Structure Reflects Fundamental Support and Market Expectations Resonance [Copy]
