On September 20, major cryptocurrencies rallied following the Federal Reserve's announcement on Wednesday to lower the federal funds rate by 50 basis points. If this market recovery evolves into a sustained bull market, analysts predict a significant surge in Ethereum's on-chain activity. Jasper De Maere, Head of Research at Outlier Ventures, said that Ethereum's on-chain activity is likely to increase substantially as market conditions improve, driven primarily by speculation and increased engagement with decentralized applications.