Fed Uncertainty Constrains Ethereum Price

Ethereum’s price has stagnated in recent weeks, exhibiting a downward trend that reflects market uncertainty tied to the Federal Reserve’s (Fed) monetary policy stance. The Fed’s communication regarding future rate cuts has triggered hesitancy in the market, as evidenced by the lack of clear direction and conflicting signals from key officials like Jerome Powell. His initial hint at potential rate cuts being possible in December, while later downplaying such expectations, has created a vacuum of confidence that has hampered Ethereum’s price momentum.