Eugene: Bullish on UNI or leading the market rebound.

According to Mars Finance, trader Eugene stated that most alts have experienced a significant pullback since October 10, and he believes that the phase of selling pressure has basically been released, with most investors who chose to implement stop loss having exited during five consecutive weeks of decline. He pointed out that if the market rebounds, quality Tokens driven by fundamentals may perform better, among which Uniswap has received more attention due to recent progress on fee switch. Eugene mentioned that UNI has no historical Heavy Position, a strengthened income narrative, and its current price is close to the level before the fee adjustment proposal was announced, which may have rise potential in the coming weeks, with the invalid range for his view being below $6.50.