Matrixport: The price of Ethereum shows resilience beyond fundamental expectations, with $2500 still regarded as a key technical support level

ChainCatcher message, Matrixport analysts' latest analysis points out that Ethereum has recently shown unexpected price resilience. Although on-chain activity remains sluggish and Gas fees have not seen a significant rebound, the ETH price still maintains a steady upward trend.

The report believes that this market performance is mainly driven by three factors: institutional investors continue to increase their holdings of ETH, reinforcing its asset attributes as "digital gold"; the issuance of stablecoins on the Ethereum network remains active, providing ample liquidity for the ecosystem; and the smooth advancement of the U.S. "GENIUS Act" brings medium- to long-term policy benefits to the market. In addition, the resonance of seasonal market factors and optimistic market sentiment further solidifies the current price structure. Technical analysis shows that the $2500 level remains a key support level that bulls need to defend.