Matrixport: Ethereum’s upward momentum has weakened, and it is recommended to use it to hedge Bitcoin’s long risks

2024-03-19 03:45:00 Views

TechFlow news, Matrixport released a new report stating that gas fees have dropped and Ethereum is losing upward momentum. It said the approval of the Ethereum ETF was controversial and a major catalyst had been removed following the Dencun upgrade.

In addition, Matrixport stated that it recommends using Ethereum as a tool to hedge (short) any Bitcoin longs.

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Title:Matrixport: Ethereum’s upward momentum has weakened, and it is recommended to use it to hedge Bitcoin’s long risks - Markets
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