Bitwise CIO: ETH may lead the cryptocurrency 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, such as the upcoming Fusaka upgrade for Ethereum (expected in December), which will significantly enhance the token's value capture capability.

This upgrade will also introduce a minimum fee for Layer 2 data recording, and the market will soon begin to focus on 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.