The latest report published by Crypto Finance Company Matrixport stated that Ethereum (ETH) prices have recently shown resistance beyond basic metrics.
Matrixport: Ethereum prices remain strong beyond fundamentals
It was highlighted that on-chain gas rate-based activity is still at a low level and interest across the network has not fully recovered, but ETH prices are steadily rising rather than falling.
Matrixport noted that there are many structural factors behind this price resistance.
- Increased corporate demand
It was noted that many institutional investors are beginning to add Ethereum to their portfolios and place it as “digital gold.” This trend is considered to be a sign of increased acceptance of ETH as an institutional asset.
- Stablecoin Activity Live
The fact that Stablecoin is still at a high level on the Ethereum Network provides continuous fluidity to the ecosystem. This stands out as another important factor in supporting price.
- Expected positive impacts from regulations
The genius bill, which has been debated in the US and aims to regulate the stubcoin market, could create a positive environment for Ethereum in the medium term, both in terms of regulation clarity and institutional adoption.
- Seasonally strong period
Pointing out that July is a traditionally strong period for Ethereum, Matrixport emphasized that the current price structure is shaped not only by market momentum, but also by a combination of basic dynamics and expectations.
At the end of the report, it was stated that the $2,500 level of Ethereum prices should be considered important technical support and that maintaining this level is important for a bullish position.
*This is not investment advice.
