JPMorgan Pours Cold Water on Ethereum’s Post-Upgrade Bounce
JPMorgan says Ethereum’s post-Fusaka surge may be temporary, citing past upgrades that failed to deliver sustained growth. Ongoing migration to Layer 2 networks and rising competition from faster chains like Solana continue to limit main-chain demand. The decline of speculative activity and capital moving to application-specific blockchains has weakened Ethereum’s long-term usage and economics. JPMorgan…