Analysis: Ethereum outperformed Bitcoin after the Federal Reserve cut interest rates, market sentiment is bullish but there is a risk of a pullback

According to ChainCatcher news reported by The Block, since the Federal Reserve lowered the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward momentum aligns with a significant increase in the ETH open interest-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that ETH prices may rise.

However, Ruslan Lienkha, the market director of the cryptocurrency exchange YouHodler, believes that while the market is optimistic about Ethereum, there is also a risk of a pullback if the optimism becomes excessive or if external factors change.