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via The Block · By The Block Editorial

JPMorgan says ether and altcoins could keep underperforming bitcoin without stronger activity

ETH

ETH/USDT

$1,633.81

-2.12%

$1,633.81

-2.12%

(24s)

24h Volume

$14,310,904,059.53

24h H/L

$1,693.67 / $1,552.95

Change: $140.72 (9.06%)

Long/Short

77.1%

Long: 77.1%Short: 22.9%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

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▼ -0.16%

Volume (24h): -

Resistance Levels

Resistance 3$1,729.67

Resistance 2$1,681.38

Resistance 1$1,621.23

Price$1,619.66

Support 1$1,614.55

Support 2$1,552.95

Support 3$1,505.68

Pivot (PP):$1,620.29

Trend:Downtrend

RSI (14):33.7

The Block Editorial

(05:42 PM UTC)

1 min read

Reviewed bySarah Chen

692 views

0 comments

Ethereum's native ether token and other altcoins have continued to underperform bitcoin despite the broader crypto market recovery following the Iran conflict, JPMorgan analysts said.

"And this underperformance trend that started in 2023 is unlikely to change unless we see meaningful improvements in network activity, DeFi and real world applications," the JPMorgan analysts led by managing…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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