Bitwise CIO Matt Hougan says Ethereum (ETH) may appear unloved now, but its poor price performance could reverse as the year comes to a close. A report suggests that ETH's recent underperformance is due to risks associated with the November US presidential election, intensified competition from Solana and other blockchains, challenges to its tokenomics, and mixed reactions to the potential launch of US spot ETF products. Hougan points out that the market may re-evaluate Ethereum as the November election nears and regulatory clarity emerges. For now, it appears to be a potential contrarian investment choice by year's end. (The Block)