Ethereum is currently seeing a dip in price. At the time of writing, ETH has dropped by 1.92% in the past 24 hours and is trading around $4,441, based on data from CoinMarketCap.

According to CryptoQuant analyst Maartunn, Ethereum recently experienced a large volume of selling—about $1.2 billion worth. This heavy sell-off pressure has contributed to its price decline over the last day.

ETH has now been falling for four straight days, starting from a high of $4,768 on September 13. It reached a low of $4,425 during the current trading session.

Market sentiment remains cautious as investors wait for the Federal Reserve’s decision on interest rates. The Fed’s Federal Open Market Committee (FOMC) began its meeting on Tuesday, and the results are expected on Wednesday. This has created uncertainty in both the crypto and traditional financial markets.

In a recent interview with CNBC, Tom Lee, chairman of BitMine and known for his bullish views on crypto, suggested that Ethereum could benefit if the Fed decides to lower interest rates. He believes that Ethereum, along with Bitcoin and tech-heavy stocks like those in the Nasdaq 100 and AI sector, could see strong gains if a rate cut happens.

Tom Lee also shared that he expects Ethereum’s price to consolidate for now but could rise to around $5,500 by mid-October. He’s optimistic about the next three months for both ETH and BTC, especially if monetary policy turns more favorable.

Meanwhile, Wall Street firm Citigroup has shared its own predictions for Ethereum. Their base case sees ETH finishing the year at $4,300—a bit lower than its current level. However, in a bullish scenario, they see Ethereum reaching as high as $6,400. On the flip side, their bearish forecast puts ETH at $2,200 by year-end.

To sum it up: Ethereum is currently under selling pressure, trading lower as investors wait for key economic decisions from the Federal Reserve. Experts are divided on where ETH is heading next, but there’s potential for a strong rebound if market conditions turn positive. Keep an eye on the Fed’s decision and upcoming economic indicators—they could play a major role in Ethereum’s short-term future.