The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.

• Ether's recent underperformance may be over, Steno Research said in a report.
• The report noted that in the last bull market, during altcoin season, ether more than doubled in value compared to bitcoin.
• The U.S. Federal Reserve's interest rate cut will result in more onchain activity, which will benefit Ethereum.

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