Matrixport: Ethereum Price Remains Strong Despite Fundamentals Not Recovering

It is emphasized that ETH prices have been steadily increasing rather than decreasing, although on-chain gas fee activity is still at a low level and overall network interest has not fully recovered.

Matrixport noted that there are several structural factors behind this price resilience:

- Increased Demand from Companies
It is noted that many institutional investors have started adding Ethereum to their portfolios, positioning it as "digital gold". This trend is believed to be an indication of the increasing acceptance of ETH as an institutional asset.

- Active Stablecoin Activity
The fact that the issuance of stablecoins on the Ethereum network remains at a high level provides ongoing liquidity to the ecosystem, which stands out as another important factor supporting the price.

- Expected Positive Impact from Regulation
The GENIUS bill currently being discussed in the US, aimed at regulating the stablecoin market, could create a positive environment for Ethereum in the medium to long term, both in terms of regulatory clarity and institutional adoption.

- Strong Seasonal Period
Referring to July, which is traditionally a strong period for Ethereum, Matrixport emphasizes that the current price structure is shaped not only by market momentum but also by a combination of fundamental dynamics and expectations.

At the end of the report, it is stated that the $2,500 level on the price of Ethereum should be viewed as an important technical support, and maintaining this level is crucial for a bullish position.

*This is not investment advice.#ETH