According to @rovercrc, ETH will follow global liquidity, highlighting macro liquidity as a key driver to monitor for ETH price trends and risk management, source: X post by @rovercrc dated Oct 10, 2025. For actionable tracking, monitor four core liquidity gauges that update regularly: Federal Reserve H.4.1 balance sheet factors affecting reserve balances, European Central Bank consolidated weekly financial statement, Bank of Japan balance sheet statistics, and BIS Global Liquidity Indicators for cross-border credit, source: Board of Governors of the Federal Reserve System H.4.1 release; European Central Bank weekly financial statement; Bank of Japan Statistics; Bank for International Settlements Global Liquidity Indicators. As tactical proxies that inform dollar conditions and real rates used by macro traders in crypto workflows, follow the ICE U.S. Dollar Index DXY and U.S. Treasury 10-year TIPS real yields for execution timing and sizing inputs, source: Intercontinental Exchange DXY index materials and levels; U.S. Department of the Treasury real yield curve rates.