JPMorgan Sees Crypto Retail Demand Improving

JPMorgan reports increased demand for cryptocurrency
According to JPMorgan Bank, the upcoming merger of Ethereum, has improved retail investor sentiment, thereby increasing demand for the cryptocurrency.
The company cited deleveraging and liquidations on it, as well as a recovery in the stETH 1-to-1 exchange rate to ETH. The report also mentioned increased activity on the Ethereum network.
JPMorgan stressed that the market growth is not due to the inflow of funds from crypto funds, but due to the activity of retail investors.
According to JPMorgan, Ethereum network activity has increased along with rising investor sentiment. Bitcoin and ethereum are up 30.82% and 72.86%, respectively, since hitting lows of $17,600 and $876 in June.