According to TechFlow, on September 18, according to The Block, Bitwise Chief Investment Officer Matt Hougan recently said that despite the many challenges Ethereum is currently facing, it may still be a potential contrarian investment opportunity before the end of the year. Since 2024, Ethereum prices have performed poorly, and the ETH/BTC ratio has fallen to a three-year low. Hougan pointed out that factors such as US election risks, poor ETF results, increased competition, and attention to second-layer networks have affected Ethereum's performance. However, he emphasized that Ethereum still dominates several key areas of the cryptocurrency ecosystem, including stablecoin issuance, DeFi asset lock-in volume, and prediction markets. Hougan compared Ethereum to "Microsoft in the blockchain world" and believes that the market may re-evaluate its value before the end of the year. He said: "It's cool to hate Ethereum now, but I bet it will look stupid in the end."

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