I took a look at ETH's performance after past interest rate cuts, it's somewhat similar to $BTC but not entirely the same. It's important to note that $ETH itself benefits not only from macro liquidity but also from the boost of ecological applications and narratives.
Everyone knows that ETH is increasingly resembling a narrative harvesting machine; merely focusing on the Federal Reserve's interest rate cuts or macro liquidity is just the foundation. What truly drives ETH is its ability to ride the trends.
Think about it, DeFi, NFT, L2, AI Layer2... every time a hot topic emerges, ETH can run faster than BTC. It's not that BTC is bad; rather, BTC is more a reflection of macro market trends, while ETH is different. It can leverage ecological and narrative dividends, often resulting in more robust rebounds.
For example, recently several L2 projects have gained popularity, and ETH followed suit. When major DeFi projects are launched or upgraded, the price will also be affected.
I believe that simply focusing on macro positives, interest rates, and the like is actually uninteresting. Feeling anxious when it drops and excited when it rises, if you play with coins like this, you will always be led by the market. In contrast, by paying attention to ecological trends and gradually laying out your strategy in rhythm, you might find unexpected surprises, making earning more enjoyable and fulfilling.
