Matrixport: Gas fees are falling, Ethereum is losing upward momentum

Matrixport released its latest report. As expected a week ago and in its "Matrix on Target" report, gas fees have dropped and Ethereum is losing upward momentum. Matrixport also warned that the approval of Ethereum ETFs is controversial, and an important catalyst has been removed after the Dencun upgrade. Therefore, Matrixport recommends using Ethereum as a hedge (short) tool against any Bitcoin bulls.