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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

$1,887.50

+0.18%

$1,887.50

+0.18%

(24s)

24h Volume

$1,817,299,534.87

24h H/L

$1,892.31 / $1,877.01

Change: $15.30 (0.82%)

Long/Short

66.6%

Long: 66.6%Short: 33.4%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,886.83

▲ 0.22%

Volume (24h): -

Resistance Levels

Resistance 3$2,194.88

Resistance 2$2,047.57

Resistance 1$1,910.65

Price$1,886.83

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,792.05

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):51.9

CoinDesk Staff

(01:59 PM UTC)

1 min read

Verified byEmily Watson

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)…

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CoinDesk Staff · CoinDesk

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