Bitwise CIO: ETH may lead a crypto market rebound; December Fusaka upgrade is a key catalyst.

PANews reported on November 23 that Matt Hougan, Chief Investment Officer of Bitwise, pointed out that much information has been overlooked in the current chaotic market correction. For example, Ethereum's upcoming Fusaka upgrade (expected in December) will significantly improve the token's value capture capabilities. This upgrade will also introduce the lowest fee for Layer 2 data recording. The market will soon begin to focus on the positive impact of Fusaka. It can be said that Fusaka is an undervalued catalyst and one of the reasons why Ethereum may lead a cryptocurrency rebound.

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Author: PA一线

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Ethereum spot ETFs saw a total net outflow of $131 million yesterday, with BlackRock's ETHA experiencing the largest net outflow at $102 million.
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