Ethereum upgrades may not be enough to lift Ether, JPMorgan warns

cryptonews

05/15

Ether has continued to lag behind Bitcoin during the latest crypto market recovery, with analysts at JPMorgan saying weaker network activity and fading confidence across the altcoin market have kept ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum upgrades may not be enough to lift Ether, JPMorgan warns\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cryptonews</strong><span class=\"h-time small\">2026-05-15 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Ether has continued to lag behind Bitcoin during the latest crypto market recovery, with analysts at JPMorgan saying weaker network activity and fading confidence across the altcoin market have kept ...</p>\n\n<a href=\"https://crypto.news/ethereum-upgrades-may-not-be-enough-to-lift-ether-jpmorgan-warns/\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://crypto.news/ethereum-upgrades-may-not-be-enough-to-lift-ether-jpmorgan-warns/\">cryptonews</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHU","symbol_name":"2倍以太幣期貨ETF-Volatility Shares","start_time":0,"source_url":"https://crypto.news/ethereum-upgrades-may-not-be-enough-to-lift-ether-jpmorgan-warns/","article_id":"2635703777","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ethereum-upgrades-may-not-be-enough-to-lift-ether-jpmorgan-warns/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635703777","pubTimestamp":1778827553,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Ether has continued to lag behind Bitcoin during the latest crypto market recovery, with analysts at JPMorgan saying weaker network activity and fading confidence across the altcoin market have kept institutional demand tilted toward Bitcoin.Bitcoin ETFs and CME futures positioning have recovered faster than Ether after the Iran conflict driven market selloff.JPMorgan said Ethereum upgrades over the past three years failed to generate meaningful growth in network activity.Repeated crypto hacks and weaker DeFi activity have continued to weigh on investor confidence in altcoins, according to JPMorgan.According to a report from JPMorgan led by managing director Nikolaos Panigirtzoglou, Bitcoin has recovered much faster than Ethereum following the recent market turbulence linked to the Iran conflict. The bank said institutional investors have rebuilt exposure to Bitcoin across both spot exchange-traded funds and CME futures markets at a pace not seen with Ether.At the same time, JPMorgan s","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ETHU":"2倍以太币期货ETF-Volatility Shares","GDLC":"Grayscale CoinDesk Crypto 5 ETF","ETHV":"以太坊ETF-VanEck","PGF":"优先金融股指数ETF-PowerShares","ETHW":"以太坊ETF-Bitwise","BETE":"等权重比特币&以太币期货ETF-ProShares","JPM":"摩根大通","09179":"嘉实以太币-U","ETH":"低成本以太坊ETF-Grayscale","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","BETH":"比特币&以太币期货ETF-ProShares","EETH":"以太币期货ETF-ProShares","CETH":"以太坊ETF-21Shares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","ETHA":"以太坊ETF-iShares","09046":"华夏以太币-U","QETH":"以太坊ETF-Invesco Galaxy","STCE":"Schwab Crypto Thematic ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","FETH":"以太币ETF-Fidelity","ETHD":"ProShares UltraShort Ether ETF","BTF":"比特币&以太币期货ETF-CoinShares","ETHE":"最大以太坊ETF-Grayscale","BITQ":"Bitwise Crypto Industry Innovators ETF","EZET":"以太坊ETF-Franklin","09009":"博时以太币-U","YETH":"Roundhill Ether Covered Call Strategy ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","AETH":"以太坊策略ETF-Bitwise","BKCH":"AdvisorShares Sabretooth ETF","ETHT":"ProShares Ultra Ether ETF","BITW":"Bitwise 10 Crypto Index ETF"},"translate_title":"摩根大通警告称，以太币升级可能不足以提振以太币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09179":1.5,"BITW":1.5,"09009":1.5,"METHmain":1.5,"BITQ":1.5,"ETHE":1.5,"BEGS":1.5,"ETHU":1.5,"ETHD":1.5,"09046":1.5,"AETH":1.5,"QETH":1.5,"BKCH":1.5,"BETH":1.5,"ETH":1.5,"GDLC":1.5,"STCE":1.5,"FETH":1.5,"EETH":1.5,"YETH":1.5,"ETHV":1.5,"ETHW":1.5,"BTF":1.5,"EZET":1.5,"CETH":1.5,"PGF":1.5,"ETU":1.5,"BETE":1.5,"LFGY":1.5,"ARKY":1.5,"ETHA":1.5,"ETHT":1.5,"JPM":1.5},"content_text":"Ether has continued to lag behind Bitcoin during the latest crypto market recovery, with analysts at JPMorgan saying weaker network activity and fading confidence across the altcoin market have kept institutional demand tilted toward Bitcoin.\n\n\nSummary\n\n\n\nBitcoin ETFs and CME futures positioning have recovered faster than Ether after the Iran conflict driven market selloff.\nJPMorgan said Ethereum upgrades over the past three years failed to generate meaningful growth in network activity.\nRepeated crypto hacks and weaker DeFi activity have continued to weigh on investor confidence in altcoins, according to JPMorgan. \n\n\n\nAccording to a report from JPMorgan led by managing director Nikolaos Panigirtzoglou, Bitcoin has recovered much faster than Ethereum following the recent market turbulence linked to the Iran conflict. The bank said institutional investors have rebuilt exposure to Bitcoin across both spot exchange-traded funds and CME futures markets at a pace not seen with Ether.\nSpot Bitcoin ETFs have already regained nearly two-thirds of the outflows recorded during the conflict-driven selloff, JPMorgan said. By comparison, spot Ether ETFs have recovered only around one-third of their earlier withdrawals, indicating weaker investor appetite for Ethereum despite the market rebound.\nData from CME futures positioning painted a similar picture, the analysts noted. Institutional traders have almost fully restored their previous Bitcoin exposure, while Ether positioning on CME remains well below earlier levels.\nAt the same time, JPMorgan said momentum-driven investors, including commodity trading advisors and crypto quant funds, still appear slightly underweight on both Bitcoin and Ether after the deleveraging event seen last October.\nAttention has also turned toward whether Ethereum’s upcoming network upgrades can revive activity on the blockchain and improve Ether’s standing against Bitcoin.\nJPMorgan said Ethereum’s major upgrades over the last three years have not translated into stronger network usage. Instead, the changes largely reduced transaction costs on Layer 2 networks, cutting fee revenue generated on Ethereum’s main chain.\nLower fees have also weakened Ethereum’s token burn mechanism, the analysts said, contributing to faster net supply growth and reducing one of the key sources of long term price support for Ether.\nScheduled upgrades known as Glamsterdam and Hegota are expected to improve scalability by increasing throughput and reducing costs on Ethereum’s base layer. JPMorgan, however, questioned whether cheaper transactions alone would be enough to create sustained demand growth across the network.\nThe analysts said it remains unclear whether the upgrades can generate enough new activity to offset the continued decline in token burns and the resulting increase in Ether supply.\nBeyond Ethereum, JPMorgan said altcoins have struggled against Bitcoin since 2023 as liquidity conditions weakened across the crypto sector. The bank pointed to thinner market depth, slowing decentralized finance activity, and repeated security breaches as key reasons investors have become more cautious toward the wider altcoin market.\nRepeated hacks and operational failures across crypto platforms have also discouraged fresh capital from entering altcoins, according to the report, leaving Bitcoin in a stronger position as institutional investors continue favoring more established digital assets.\n\n\n\n\n\n                Read more:\n            \n\n                Dartmouth adds Solana ETF as endowment crypto exposure reaches $14M","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}