In the interest rate cut cycle, don't blindly over-sing ETH.

The asset risk preferences in the interest rate hike cycle and the interest rate cut cycle are different.

In the interest rate cut cycle, the investment preference of capital may be more aggressive, and it can bear higher risks to gain higher potential returns.

And after ETH has the ETF caliber, I think there will be a large inflow of ETH ETF in the interest rate cut cycle, and in the process of inflow, it will cooperate to release the corresponding new narrative to the market to change the fundamentals to make everything reasonable.

For example, similar to <Future ETF can pledge ETH and other favorable factors> will change the fundamentals

Although I also agree with your logic of being optimistic about SOL, if SOL ETF is passed in the future, everything will change. But it is also a fact that SOL has not passed ETF for the time being.