Regarding the #ETH exchange rate, a weekly chart clearly shows it's currently constrained by this long-term downward trend line. It's experienced a slight pullback this week and hasn't broken through yet. This is consistent with the expectations in the cited article. The previous round of position rotation by whales led to an increase in the exchange rate, while continued buying of ETFs and crypto-to-equity stocks also boosted the price of the U-denominated asset. But the question now is, how much of these three core buying forces supporting ETH remain? My approach is that the exchange rate will likely remain under pressure in the short term, but the long-term downward trend line will eventually break. Once it does, it will signal the beginning of a real outflow of liquidity from the BTC market. The anticipated altcoin season may not be a bull market in the U-denominated asset, but rather a bull market in the exchange rate. In other words, even in a bear market, the downside for altcoins and ETH is limited. Once the bull market resumes, their growth may be much faster than BTC! The easing environment during an interest rate cut cycle inherently benefits relatively riskier assets.