Matrixport: Gas fees are falling, Ethereum is losing upward momentum
Matrixport released its latest report. As expected a week ago and in its "Matrix on Target" report, gas fees have dropped and Ethereum is losing upward momentum. Matrixport also warned that the approval of Ethereum ETFs is controversial, and an important catalyst has been removed after the Dencun upgrade. Therefore, Matrixport recommends using Ethereum as a hedge (short) tool against any Bitcoin bulls.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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