📰Matrixport: The current price structure of Ethereum is not only driven by market inertia but also reflects a resonance between fundamental support and market expectations. Matrixport @Matrixport_EN released today's chart stating that recently, Ethereum's price has shown resilience beyond fundamental expectations. Despite the on-chain activity measured by Gas fees remaining sluggish, the overall network activity has not significantly rebounded, yet the price has not seen a pullback and continues to rise steadily. We believe that this trend is primarily driven by the following structural factors: First, some institutions have gradually included #ETH in their treasury assets, further reinforcing its position as "digital gold" in the asset allocation system; secondly, the issuance of stablecoins 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 benefits for Ethereum in terms of compliance pathways and institutional participation. Combined with the historical seasonal strength of July, the current price structure of Ethereum is not only driven by market inertia but also reflects a resonance between fundamental support and market expectations. For bullish holders, $2,500 should still be regarded as a key technical support level.