The upward movement of ETH heavily relies on the expectation of interest rate cuts; if not realized, the consequences are hard to predict.

According to news from Hash World, the price of ETH has recently risen above $4,700, mainly due to market predictions that the Federal Reserve will cut interest rates in September. However, cryptocurrency analysts warn that if the rate cut does not happen, the consequences could be unpredictable. According to data from the CME Watch Tool, market participants predict a 95.8% chance that the Federal Reserve will cut rates in September. Pav Hundal, chief analyst at Swyftx, pointed out, 'The main issue in the current market is that the entire market direction is based on the assumption that the Federal Reserve will cut rates next month.' Charles Edwards, founder of Capriole Investments, is optimistic about Ethereum and expects its price to rise further, but he also believes that unexpected actions from the Federal Reserve could lead to impacts that may 'trigger liquidity panic, resulting in capital freeze and disruptions in the flow of funds.' Although Edwards does not rule out any possibilities, he remains optimistic as long as institutional demand exceeds the supply of Bitcoin and ETH.