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via CoinDesk · By CoinDesk Staff

JPMorgan says ether and altcoins won't catch up to bitcoin without a major network boom

ETH

ETH/USDT

$1,898.82

+1.54%

$1,898.82

+1.54%

(24s)

24h Volume

$3,624,262,545.57

24h H/L

$1,903.70 / $1,864.65

Change: $39.05 (2.09%)

Long/Short

64.1%

Long: 64.1%Short: 35.9%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,895.36

▲ 1.09%

Volume (24h): -

Resistance Levels

Resistance 3$2,148.26

Resistance 2$2,063.38

Resistance 1$1,933.95

Price$1,895.36

Support 1$1,858.13

Support 2$1,754.69

Support 3$1,702.98

Pivot (PP):$1,867.73

Trend:Uptrend

RSI (14):58.3

CoinDesk Staff

(01:59 PM UTC)

1 min read

Verified byEmily Watson

708 views

0 comments

The bank said ether and the broader altcoin market continue to trail bitcoin as weak network activity, sluggish DeFi growth and limited real-world adoption weigh on investor demand.

Ether (ETH) and the broader altcoin market are unlikely to reverse a multi-year trend of underperformance against bitcoin BTC$76,697.85 without meaningful improvements in network activity, decentralized finance (DeFi)…

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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CoinDesk Staff · CoinDesk

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