JP Morgan comments on ETH ETF performance after August NFP data drops Ethereum below $2,300

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Ethereum falls almost 6% following August NFP miss.

As per the AUM ratio to market cap, Ethereum ETFs have fared similarly to Bitcoin ETFs one month after introduction.

ETH must bounce around $2,100 to sustain bull market theory.

The US reported alarming August Nonfarm Payrolls (NFP) statistics on Friday, sending Ethereum (ETH) down roughly 6%. JP Morgan analysts said that ETH ETFs fared similarly to Bitcoin ETFs one month after introduction.

#USNonFarmPayrollReport #TON #DOGSONBINANCE #BNBChainMemecoins #BNBChainMemecoins

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