Bitwise Executive: ”Ethereum's slump is a chance for 'reverse investment' in preparation for next year's bull market”

With Ethereum price struggling to gain upward momentum this year, Ethereum's current underperformance could actually be an investment opportunity when considering potential opportunities next year.
According to an analysis, Bitwise Asset Management
Matt Hogan, Chief Investment Officer at Yahoo! Investment Management
Hougan made this outlook in a blog post on the 17th, titled "Ethereum's 'reverse investment'."
"Bitcoin vs Ethereum prices hit three-year lows," Hogan said.
"So far this year, Ethereum has stagnated, while Bitcoin has risen 38% and Ethereum's biggest competitor, Solana, has risen 31%."
He cited the following reasons for Ethereum’s decline: Election risk, growing competition from Solana and other blockchains, and challenging token economics.
〇Mixed ETF results, etc. We have classified them into a total of four categories. On the other hand, when we look at applications that have achieved groundbreaking success, most of them are based on Ethereum.
Hogan cited stablecoins, decentralized finance (DeFi) and Polymarket as examples, saying, "More than half of all stablecoins are based on Ethereum.
"More than 60% of all DeFi assets are locked in Ethereum. Polymarkets will ultimately be anchored on Ethereum," he said.
He remains positive about Ethereum, but noted that the price may remain sluggish through the end of the year.
He said, "The problems facing Ethereum do not appear to be a fundamental crisis, and there are many opportunities. As the November election approaches and regulations become clearer, the market may reassess Ethereum.
"At this point, it looks like a potential contrarian investment opportunity through the end of the year."