Bitwise CIO: ETH may lead the crypto market rebound, and the December Fusaka upgrade is an important catalyst

Bitwise Chief Investment Officer Matt Hougan posted an analysis on the X platform, pointing out that many pieces of information are being overlooked in the current chaotic market correction. For example, the upcoming Fusaka upgrade for Ethereum (expected in December) will significantly enhance the token's value capture capability. This upgrade will also introduce a minimum fee for recording data on Layer 2. The market will soon start to pay attention to the positive impacts brought by Fusaka. It can be said that Fusaka is an undervalued catalyst and one of the reasons why Ethereum may lead a rebound in the cryptocurrency market.