Compared with BTC, ETH is an asset that relies more on overall liquidity, and so are altcoins;
Generally speaking, the Fed will start quantitative easing, that is, expanding its balance sheet, within 1 to 2 quarters after the first rate cut, and this is a pure increase in liquidity, so the good days of altcoins and ETH are not far away.
Patiently wait for the start of QE. The six months after that will be a good window for building positions, but before QE starts, I still don’t recommend going long on altcoins and ETH, because sometimes even if the exchange rate has bottomed out, the price may not have bottomed out.
I’ve been waiting for 2 years, and I really don’t care about those few months.
At least starting from tonight, I will no longer easily be bearish on any analysis of ETH and altcoins. ALTs in the crypto market are also waiting for a soft landing. #
