Eugene: Bullish on UNI, which may lead the market rebound.

According to Mars Finance, trader Eugene stated that most Altcoin have experienced significant corrections since October 10th. He believes that the selling pressure has largely dissipated, and most investors who chose to cut their losses have exited the market during the five consecutive weeks of decline. He pointed out that if the market rebounds, high-quality tokens with strong fundamentals may perform better, with Uniswap receiving more attention due to recent progress on its fee adjustment. Eugene stated that UNI has factors such as no historical heavy holdings, a strengthened revenue narrative, and its current price being close to levels before the fee adjustment proposal was announced, suggesting potential for upward movement in the coming weeks. His view is that the invalidation range is below $6.50.