PANews reported on November 17th that trader Eugene stated that the crypto market has experienced a deep correction for five consecutive weeks since October 10th, with many investors having completed their sell-off. He believes that projects with strong fundamentals will outperform in the current market rebound, with Uniswap ($UNI) becoming a focus due to its latest fee adjustments.

Eugene points out Uniswap's advantages, including: previously deemed uninvestable due to conflicts between equity and token holders, the team now supports token holders; and as the narrative leader of the fee adjustment proposal, its price has almost returned to pre-proposal levels. He believes that if the market finds a short-term bottom in major assets, $UNI is poised to lead the rebound in the coming weeks. His strategy's failure point is a price drop below $6.50.

According to OKX market data, UNI broke through $8, rising 3.3% in 24 hours.