The two main narratives and one fundamental for Ethereum in this round are stablecoins and RWA (Real World Assets) for the narratives, and the fundamentals are unlimited easing and the beginning of the interest rate cut cycle, which opens up asset inflation. The narratives have not even started yet, only at the legislative stage. When the market value of stablecoins approaches that of Bitcoin, the inflation narrative may even shift from Bitcoin to Ethereum; in the early stages of inflation, assets with valuations do not rise as much as those without valuations, as can be seen from Friday's market data $ETH