您的当前位置:首页 > 理财 > Steno Research: The decline of Ethereum may have ended, and the Federal Reserve's interest rate cut will promote on chain activity growth 正文
时间:2025-05-28 08:00:25 来源:网络整理 编辑:理财
MarketresearchfirmStenoResearchstatedinareportonThursdaythattherecentunderperformanceofEthereum(ETH)
Market research firm Steno Research stated in a report on Thursday that the recent underperformance of Ethereum (ETH) may have come to an end and is ready to shine again, whether in terms of price growth in fiat currency or relative to Bitcoin (BTC).
The price of Ethereum once rose from $2280 at the beginning of the year to $4090, but in the past six months it has fallen back to between $2100 and $2800, with an increase of about 11% year to date. The price of Bitcoin has risen by 50% this year, reaching a peak of 74% at one point. The ETH/BTC ratio has continued to decline after the Ethereum merger and upgrade in 2022, with a drop of over 50%.
Steno Research's report suggests that Ethereum's performance in the previous bull market can provide some guidance. Ethereum surged during the Altcoin season at the time, and in less than two months, its value more than doubled compared to Bitcoin. The report states that this transformation is triggered by a surge in on chain activities, including decentralized finance (DeFi), stablecoin issuance, and the flourishing development of NFTs, all of which mainly occur on the Ethereum blockchain.
Steno stated that the Federal Reserve's interest rate cut earlier this week will lead to an increase in on chain activity, which will greatly benefit Ethereum. The research institution also believes that the performance of Bitcoin exchange traded funds (ETFs) is unlikely to continue to outperform Ethereum ETFs, and points out that Ethereum has shown the ability to suddenly outperform Bitcoin in the past.
There are three main reasons why Bitcoin has performed better than Ethereum recently. Mads Eberhardt, a senior cryptocurrency analyst at Steno, wrote:
The impact of US spot ETFs on Bitcoin and Ethereum, the continued buying pressure on MicroStrategy, and the significant decline in Ethereum trading revenue in recent months
Eberhardt stated, "Ethereum's active addresses remain strong, especially considering the increasing adoption of Rollups." He added that the network's transaction revenue appears to have bottomed out in August.
Eberhardt wrote on social media: "Lower interest rates ->More on chain activity ->Higher Ethereum trading revenue ->Lower ETH supply growth ->Higher ETH prices
Asset management company Bitwise is also optimistic about the prospects of Ethereum. The company stated in a report on Tuesday that "Ethereum appears to be a potential contrarian investment opportunity before the end of the year
data source
金龙机电收盘跌4.95%,主力资金净流出1.15亿元2025-05-28 22:42
cdc钱包提现-cdmc怎么提现2025-05-28 22:29
民德电子收盘跌5.87%,主力资金净流出1.11亿元2025-05-28 22:18
芝麻交易所交易所专业版v6.7.9最新下载-易欧专业比特币交易软件6月下载2025-05-28 22:14
广合科技(001389.SZ):AI PC产品已根据客户需求有小批量出货2025-05-28 22:00
松发股份:股票交易异常波动,多种风险提示2025-05-28 21:58
国内币圈五大 交易平台 排名前三的币圈 交易平台2025-05-28 21:47
世茂服务出资1.96亿元合伙成立苏州茂有充公司 布局充电站业务2025-05-28 21:44
ico如何盈利2025-05-28 21:30
meme币交易所app下载官方 meme币最新版下载官方app下载2025-05-28 20:14
美联储博斯蒂克暗示今年可能降息一次2025-05-28 22:28
区块链数字信息平台2025-05-28 22:16
白云什么什么形容天气2025-05-28 22:11
未担保余值变动的会计处理方法是什么?2025-05-28 22:01
什么水果叫什么福-福气水果2025-05-28 21:07
比特币可以长期持有吗2025-05-28 20:56
火币有什么用2025-05-28 20:52
北京公积金卡初始密码-北京公积金卡初始密码是啥2025-05-28 20:49
火币以太经典2025-05-28 20:28
OpenAI计划转型为公益性公司以更好实现使命2025-05-28 20:12