$ETH Ethereum, the second-largest cryptocurrency by market capitalization, as an example, its price fluctuations are significantly synchronized with the cycles of U.S. monetary policy, but there remains a lag effect compared to traditional major assets like the S&P 500 index.

Specifically, when market liquidity improves, funds tend to first flow into blue-chip assets such as S&P component stocks, subsequently permeating into core crypto assets like Bitcoin, and finally benefiting secondary mainstream assets like Ethereum