Ethereum's underperformance in the crypto market may be changing soon due to the US Federal Reserve's decision to cut interest rates, according to a report by Steno Research. While Bitcoin and other altcoins have seen significant price gains, Ethereum is still trading at its January 2024 levels. The report suggests that the Fed's rate cut could fuel a surge in Ethereum's price in the coming months, pointing to its performance during the last altcoin season as evidence. The report also mentions that Ethereum exchange-traded funds (ETFs) are likely to outperform Bitcoin ETFs, and investor confidence in Ethereum remains strong.



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