TechFlow news, July 9 — Matrixport released a chart today indicating that recently, Ethereum's price has demonstrated resilience beyond fundamental expectations. Despite persistently low on-chain activity as measured by gas fees and an overall network热度 that has yet to noticeably recover, 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 added ETH to their treasury assets, further reinforcing its "digital gold" positioning 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 brings medium- to long-term policy tailwinds for Ethereum regarding regulatory compliance and institutional participation.
Combined with July’s historically seasonal strength, Ethereum’s current price structure is now driven not merely by market inertia, but also reflects resonance between fundamental support and market expectations. For bullish holders, $2,500 should still be regarded as a key technical support level.
