In the past two months, the movements of Ethereum (green) and the Nasdaq index NDX have been almost mirror images, only recently starting to show a significant divergence.

Personally, I feel that the current divergence is more like a pre-adjustment before an interest rate cut. Ethereum has released risks ahead of time, and in the short term, it may appear weaker, thus having room to absorb the next wave of liquidity. However, the fundamentals of Ethereum have not changed. The current decline seems more like an emotional fluctuation rather than a logical breakdown.

Therefore, I personally tend to view this as a shift in the market. Short-term misalignment often presents mid-term opportunities! With proper expectation management and position management, there is no need to fear a decline!