Ethereum is facing pressure to maintain its position above $3,700 despite the U.S. Federal Reserve’s recent rate cut aimed at stimulating economic growth. Following the announcement, ETH saw brief volatility as traders weighed the impact of lower interest rates on risk assets. Analysts suggest Ethereum’s price could stabilize if market liquidity improves and network activity rises with upcoming protocol upgrades. However, persistent macroeconomic uncertainty and cautious investor sentiment continue to limit upside momentum, keeping ETH’s short-term outlook range-bound between $3,600 and $3,800.