ChainCatcher reported that according to The Block, Bitwise CIO Matt Hougan said that ETH seems to be ignored now, but as the year draws to a close, its poor price performance may be reversed.
The report believes that ETH’s recent poor performance stems from risks related to the November U.S. presidential election, increased competition from Solana and other blockchains, challenges facing token economics, and mixed reactions to the launch of spot trading platform exchange-traded funds (ETFs) in the United States.
Hougan noted that as the November election approaches and regulatory clarity emerges, the market may re-evaluate Ethereum. For now, Ethereum looks like a potential contrarian investment option by the end of the year.
