Recently, the price fluctuation of Ethereum (ETH) has slowed down, showing a sideways trend. This phenomenon actually reflects the deep-seated conflict of interests between the U.S. government and Wall Street.

Analysis shows that the Federal Reserve's high interest rate policy is actually designed to serve Wall Street and related rent-seeking industries. By attracting overseas funds to support its profits, it has formed a cycle of 'rate hikes-inflation-rate hikes', rather than solely aiming to curb inflation.

It is worth noting that high interest rate policies have attracted a large amount of overseas deposits, which in turn has increased the demand for land and rental prices. Considering that rent accounts for 30%-36% of the Consumer Price Index (CPI), this has become one of the direct reasons for the persistently high CPI in the United States.

However, the high interest rate policy has also led to a divergence of interests between the U.S. government and Wall Street. Due to the heavy burden of interest on national debt, the government is eager to cut interest rates. Recent economic data has performed poorly, particularly the weak non-farm payroll data over the past three months, along with the resignation of Federal Reserve Board member Kuigler, which has increased expectations for a possible rate cut in September.

For the cryptocurrency market, a rate cut by the Federal Reserve means the release of liquidity. By lowering borrowing costs and injecting funds into the market, it is expected to drive up the prices of risk assets, including cryptocurrencies.

Currently, the market is closely watching the direction of U.S. economic policy and its potential impact on global financial markets, especially in the emerging cryptocurrency space. As the situation develops, investors need to remain vigilant and closely monitor relevant economic indicators and policy trends.