Ethereum (ETH) Loses Steam as Fed Rate Cut Fails to Fuel $4,500 Breakout

Before Federal Reserve Chair Jerome Powell announced a 25 basis point (bps) interest rate cut, Ethereum (ETH) holders were optimistic that the event would fuel a rally toward $4,500. However, the rate cut did not yield the anticipated bullish outcome, with ETH experiencing a 4.50% decline shortly afterward. This drop has diminished hopes for a notable breakout, raising questions about what... source: https://beincrypto.com/ethereum-reacts-to-fed-rate-cut/