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the current state of Ethereum (ETH) and its potential as a “contrarian bet.”
Bitcoin and Ethereum rose following a 50-foundation point Fed rate lower, with ETH gaining 3.42%. No subject recovery, Ethereum’s annual low in early September marks ongoing volatility. Criticism and regulatory concerns persist, but Ethereum retains primary corporate backing and a important role in stablecoins and DeFi. Bitwise’s Hougan says Ethereum is equivalent to Microsoft, fundamentally