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$ETH is more suppressed in the short term than Bitcoin due to the "hawkish" tone of Waller's speech, but there is a unique strategic point in the mid-to-long-term logic for Ethereum. The specific impacts can be viewed in three layers: · Heavier short-term selling pressure (leverage clearing): Ethereum's on-chain staking and DeFi lending are more sensitive to interest rates. #WalshPolicyFramework