JP Morgan analyzed that while the cryptocurrency market is showing an overall recovery, altcoins, including Ethereum (ETH), are performing poorly, and this is unlikely to change. According to The Block, JP Morgan stated in a recent report, "The bearish trend of altcoins relative to Bitcoin, which began in 2023, is unlikely to change unless there are significant improvements in the DeFi and real-world asset (RWA) sectors. Across all sectors, including spot ETFs and institutional futures positions, BTC has shown stronger resilience than ETH. Although ETH has upgrades scheduled, over the past three years, these upgrades have failed to improve network activity and have instead weakened the token burning mechanism. Altcoins are also expected to continue struggling due to deteriorating liquidity conditions, lack of market depth, and damage to investor confidence."
