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Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research

  • Ethereum's underperformance against the wider crypto market might change following the US Federal Reserve's interest rate cut.
  • Ethereum has not had significant price gains compared to Bitcoin and other altcoins in 2024.
  • The Ethereum merge to Proof-of-Stake and decreased issuance of new ETH has resulted in negative supply growth.
  • A recent report suggests that the Fed's interest rate cut could fuel Ethereum's price surge in the coming months.

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