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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

$2,500.54

+1.62%

$2,500.54

+1.62%

(24s)

24h Volume

$7,176,895,314.68

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.7%

Long: 58.7%Short: 41.3%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,504.00

▲ 0.95%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,552.17

Price$2,504.00

Support 1$2,449.71

Support 2$2,372.73

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.3

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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