[News] Steno Research: ETH's decline is over, interest rate cuts are good for Ethereum

[Steno Research: ETH's decline is over, interest rate cuts are good for Ethereum] Golden Finance reported that Steno Research said in a report on Thursday that Ethereum (ETH)'s recent poor performance may be over, and ETH may shine again, both in terms of fiat currency exchange rate and BTC exchange rate. The report pointed out that ETH rose sharply in the last round of altcoin season, and the ETH/BTC exchange rate rose by more than 1 times in less than two months. This shift was triggered by a surge in on-chain activity, including decentralized finance (DeFi), stablecoin issuance, and the boom of non-fungible tokens (NFTs), all of which occurred mainly on the Ethereum blockchain. The Fed's rate cut earlier this week will lead to an increase in on-chain activity, which will greatly benefit Ethereum. $ETH #美聯儲降息 #山寨幣熱點