#ETH价格走势解读 In the past few days, two events have occurred that may be more significant than you think.

The Bank of Japan suddenly shifted to easing, followed closely by an unexpected interest rate cut from the Bank of Israel—at first glance, these seem like two independent events, but when placed on the timeline of the Federal Reserve's policy shift, it becomes interesting.

Japan holds over one trillion US dollars in Treasury bonds, and their monetary policy has never been a completely independent game. This shift in attitude seems more like helping a big player test the market temperature: what is the real response of global capital to changes in liquidity? With Israel, a close ally in the Middle East, acting so quickly to cut interest rates, the signal conveyed is even clearer— the era of high interest rates may truly be coming to an end.

The question is: why now?

I noticed a few details:

The U.S. Treasury is set to issue a massive amount of government bonds next year, provided that the market has enough funds to absorb them; during an election year, the capital market must not experience turmoil, as stability is paramount; moreover, the asset-liability situation in the banking sector is actually more serious than it appears on the surface, and lowering interest rates is somewhat a way to prolong their life.

These clues point in one direction: 2025 is likely to be a turning point for liquidity policy.

What does this mean for crypto assets? Once the interest rate cut cycle is initiated, the $6 trillion lying in money market funds will seek returns again. Assets like $ETH , which are highly sensitive to liquidity, tend to react first. As for the altcoin market, it may be more aggressive than many people expect.

Most people are still anxiously watching short-term fluctuations, but the truly sharp-eyed investors have already positioned themselves in anticipation of a policy shift. By the time the Federal Reserve officially announces a rate cut, the best entry point will have long passed.

Market bottoms are always formed in doubt, while tops often come quietly during a frenzy. During this cycle, when do you plan to get on board?