Why Can't Ethereum (ETH) Rise?

JPMorgan Analysts Revealed, Warned for the Aftermath!
JPMorgan warned that Ethereum may continue its weak performance.
The largest altcoin Ethereum (ETH) continues to lag behind Bitcoin (BTC) with its weak performance.
JPMorgan warned that Ethereum may continue its weak performance while ETH fails to meet investors' expectations.
According to The Block's report, analysts at the US banking giant JPMorgan said in their latest research report that Ethereum is facing constant pressure from its competitors.
Analysts also noted that Ethereum's market cap share has dropped to a four-year low as competition from blockchains like Solana (SOL) and layer-2 (L2) networks intensifies.
JPMorgan analysts led by Nikolaos Panigirtzoglou said:
"Ethereum not only lags behind Bitcoin but also the performance of other altcoins."
The share of ETH in the total crypto market value has now fallen to a four-year low, indicating increasing pressure from competitors.
Analysts stating that there are two main reasons for this pressure said that these are 'increased competition from blockchain networks such as Solana and Layer 2, which offer lower fees and greater scalability, and Ethereum's lack of a strong narrative for its rise against Bitcoin as a store of value.'
Analysts note that major dApps like Uniswap, dYdX, and Hyperliquid have also transitioned to their own chains, raising concerns about Ethereum's long-term fee revenue and sustainability. They warned that competition and pressure on the price between ETH and its competitors will continue.
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