Banking giant JPMorgan Chase & Co. A report by (JPM) states that demand among domestic retail investors in the crypto market is improving, and the “heavy phase” of leverage reduction appears to be over.
In the report published by the bank on Thursday, “The biggest losses since 2018, seen in the last May and June, were experienced. the downturn seems to be over” was stated. JPMorgan analysts Ethereum 2.0 the successful conclusion of the tests for the update and the “The Merge” the estimated date for the merger to coincide with the beginning of September, investors more greedy for the market claimed it did.
Noting that the demand is driven by local individual investors in the cryptocurrency market rather than large investors, JPMorgan stated that “smaller wallets have seen an increase in Ethereum or Bitcoin balances since the end of June.”
The bank also has an Ethereum-based staking protocol. Lido Finance‘of stEth at the equivalence pointing to recovery (was down to 0.94 to 1 in June), luna and 3AC He stated that after the collapse of the market, the market started to renew itself.
Ethereum price, 19 SeptemberLast week, as we started pricing the “The Merge” update, which is expected to take place in . 41%this week for now 21%‘ness showed an upward performance.