**Ethereum: The Comeback Kid?**

- Ethereum might be in the "doldrums," but Bitwise's Matt Hougan says haters will end up looking "silly." 🤡

- Despite ETH/BTC ratio hitting a 3-year low, Ethereum still hosts 50% of stablecoins and 60% of DeFi assets.

- TOKEN2049 attendees report strong real-world interest in Ethereum.

- Ethereum's 2,615 developers made 37,800 GitHub commits last week, 68% more than Polygon.

- Hougan compares Ethereum to "the Microsoft of blockchains," predicting it will be the go-to for future blockchain products.

- Ether is trading at $2,390, up 3% in 24 hours but only 0.2% in 2024, lagging behind Bitcoin's 40% rise.

- Regulatory clarity post-US elections could be a game-changer for Ethereum.

Source: Bitwise, Shuyao Kong, Cryptometheus