Ethereum faces significant challenges: market sentiment is deteriorating, the regulatory outlook remains uncertain, and competition from new blockchains like Solana is intensifying. 📉

However, Bitwise's Matt Hougan believes that Ethereum's fundamental strengths in the stablecoin and DeFi sectors make it a long-term winner. He calls Ethereum the "Microsoft of blockchains" and sees it as an undervalued asset. 🚀