However, the two main narratives and one fundamental of Ethereum this time are stablecoins and RWAs. The fundamentals are the beginning of an unlimited easing and interest rate cut cycle, and the asset bubble has begun. The narrative has not yet begun, and it is only at the stage of the bill. When the market value of stablecoins approaches that of Bitcoin, the inflation narrative may even shift from Bitcoin to Ethereum. In the early stages of the bubble, the valued assets cannot rise as much as the unvalued assets, which can also be seen from Friday's market.