Bitwise CIO Sees Ethereum’s December Fusaka Upgrade Driving Crypto Market Rebound
Bitwise CIO Matt Hougan highlights that amid the current market correction, the upcoming December Fusaka upgrade for Ethereum will enhance ETH’s token value capture by introducing a minimum fee for Layer 2 data recording. Often overlooked, this undervalued catalyst is expected to draw market focus soon and could enable Ethereum to spearhead a broader crypto market rebound.
Bullish
The December Fusaka upgrade introduces a minimum Layer 2 data fee that strengthens Ethereum’s value-capture model. Historically, protocol enhancements like EIP-1559 have sparked bullish sentiment and price appreciation. As traders refocus on Ethereum’s improved fundamentals, short-term speculation may drive ETH demand higher, while long-term network efficiency gains reinforce sustained growth prospects. Overall, Fusaka represents a clear catalyst for renewed market optimism.