$ETH
🏦 JPMorgan vs ETH Chart — Bounce or Breakdown?
Ethereum remains under pressure as macro stress and liquidations weigh on the market. ETH is one of the weakest major coins in this pullback.
Yet institutional confidence is still building.
🔗 JPMorgan has launched its first $100M tokenized money market fund on Ethereum, reinforcing ETH’s role as TradFi’s settlement layer. Long-term bullish — but short-term charts remain fragile.
📉 Technical Check • ETH is testing $2,910 key support
• Bearish EMA crossover is forming (100-EMA near 200-EMA)
• Momentum is weak — headlines alone may not save price
🔍 On-Chain Insight ETH addresses in profit have dropped to local lows. Similar conditions recently led to 10–14% short-term rebounds, if support holds.
🎯 Key Levels 🔹 Support: $2,910
🔻 Breakdown: $2,710 → $2,620
🔹 Rebound confirmation: $3,240 daily close
🔹 Upside target: $3,440
⚖️ Bottom Line Institutions are bullish on Ethereum’s future — but price action decides direction.
The next move depends on how ETH reacts at $2,910 and $3,240.
