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TechFlow reported, Matrixport released a new report stating that with declining gas fees, Ethereum is losing upward momentum. It noted that the approval of Ethereum ETFs remains controversial, and after the Dencun upgrade, a major catalyst has been removed.
In addition, Matrixport suggested using Ethereum as a hedge (short) against any Bitcoin long positions.
Matrixport released a new report stating that with gas fees declining, Ethereum is losing upward momentum. It noted that the approval of Ethereum ETFs remains controversial, and after the Dencun upgrade, a key catalyst has been removed. Additionally, Matrixport suggested using Ethereum as a hedge (short position) against any Bitcoin long exposure.
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