Can Ethereum hold $2,300 after JPMorgan’s big blockchain move?

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Ethereum is trading above $2,300 once again after adding 1% to its value in the last 24 hours. The leading altcoin briefly dropped to the $2,200 level as the broader crypto market recorded losses. However, technical indicators suggest that ETH could rally higher in the near term, with the $2,500 psychological level a target. JPMorgan files to launch another Ethereum-based tokenized Treasury fund ETH is up 1% and is now trading above $2,300. The positive performance comes after JPMorgan filed a registration statement with the US Securities and Exchange Commission (SEC) on Tuesday to launch the JPMorgan OnChain Liquidity-Token Money Market Fund. According to the filing, the fund would trade under the ticker JLTXX.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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