Ether's recent price surge over $4,700 is heavily reliant on expectations of a federal rate cut by the U.S. Federal Reserve in September. Analysts caution that this optimism may be misplaced, as significant market moves hinge on the Fed's actions. Pav Hundal, lead analyst at Swyftx, warns that the market appears 'priced for perfection', indicating vulnerability in case of unforeseen events like rising inflation or geopolitical tensions. Despite bullish sentiments from experts like Charles Edwards, who anticipates Ether could double with favorable market conditions, uncertainty remains regarding the Fed's decision. Market consensus suggests a 95.8% probability of a rate cut, but dissenting voices in the economic field, including Morgan Stanley's Ellen Zentner and Kansas City Fed President Jeff Schmid, argue against this certainty. As inflation holds steady at 2.7%, the Fed might maintain a restrictive policy, impacting Ether's current price trajectory.

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