Ethereum Report from Crypto Finance Company Matrixport! The Price Should Fall, But It Doesn’t! Here’s Why

In the latest report published by crypto finance company Matrixport, it was stated that the Ethereum (ETH) price has recently exhibited resistance beyond fundamental indicators. Matrixport: Ethereum Price Remains Strong Beyond Fundamentals It was emphasized that the ETH price has been steadily rising rather than declining, although on-chain gas fee-based activity is still at low levels and overall network interest has not fully recovered. Matrixport noted that there are a number of structural factors behind this price resistance: Increase in Corporate Demand It was noted that many institutional investors have begun adding Ethereum to their portfolios, positioning it as “digital gold.” This trend is believed to be an indication of ETH’s growing acceptance as an institutional asset. Stablecoin Activities Live The fact that stablecoin issuance on the Ethereum network is still at high levels provides continuous liquidity to the ecosystem, which stands out as another important factor supporting the price. Expected Positive Impact from Regulations The GENIUS bill, which is being debated in the US and aims to regulate the stablecoin market, could create a positive environment for Ethereum in the medium to long term in terms of both regulatory clarity and institutional adoption. Seasonally Strong Period Pointing out that July is traditionally a strong period for Ethereum, Matrixport emphasized 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 was stated that the $2,500 level in the Ethereum price should be seen as an important technical support, and that maintaining this level is critical for bullish positions. *This is not investment advice. Continue Reading: Ethereum Report from Crypto Finance Company Matrixport! The Price Should Fall, But It Doesn’t! Here’s Why

Source: BitcoinSistemi