JPMorgan Issues Stark Bearish Warning on Ethereum’s (ETH) Future

PMorgan has issued a bearish warning regarding Ethereum's future, highlighting declining institutional demand and troubling market indicators. The bank's analysis indicates that Ethereum staking participation may not sufficiently counter concerns about the network’s long-term viability. Notably, futures contracts for Ethereum are approaching backwardation, signaling weakened demand.

Despite the recent Pectra upgrade aimed at enhancing institutional appeal, on-chain activity remains stagnant, and transaction fees are dropping. JPMorgan suggests that these factors, combined with increased supply inflation, could negatively impact Ethereum's price predictions and staking strategies for institutional investors.

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