Foreign media outlets are reporting that Ethereum (ETH) investors may be overly optimistic about potential U.S. interest rate cuts. Cointelegraph, citing analysts, suggests the current market surge is heavily predicated on these expected cuts. Swyftx analyst Pav Hundal warns this optimism is "problematic" as the market appears to have already factored in the anticipated rate reductions. He advises caution, suggesting limited upside if the cuts materialize as expected. Capriole Investments founder Charles Edwards echoes this sentiment, cautioning that a Federal Reserve decision against rate cuts, driven by unforeseen factors, could stifle liquidity and halt fund flows. However, Edwards maintains that the bull market could persist as long as institutional demand outstrips supply. While a September rate cut is widely predicted, some experts remain cautious, highlighting the Federal Reserve's ambiguous stance. This uncertainty underscores the risk associated with Ethereum's reliance on a favorable macroeconomic environment. ```