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    Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

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    Ethereum Price Rebounds Above $4,477 as Odds of a Sep Rate Rut Spikes to ATHย  of 85%

    Story Highlights
    • Data from Kalshi and Polymarket shows traders are betting a chance of over 85% for a 25bps rate cut in September.

    • Ethereum price rebounded above $4.4k on Wednesday amid rising odds of altseason 2025.

    Ethereum (ETH) price jumped over 4% on Wednesday to reach a range high of about $4,481. The large-cap altcoin, with a fully diluted valuation of about $540 billion, led the wider altcoin market in a mild rebound during the mid-North American session.

    As a result of todayโ€™s Ethereum price pump, the Altcoin Season Index from CoinGlass jumped to the highest level year-to-date of about 63%. Meanwhile, the ETH/BTC pair has gradually rebounded to signal the onset of 2025 altseason.

    Ethereum Price Gains on Rising Odds for Fed Rate Cuts in September 

    The ETH price has significantly benefited from the rising odds of a Fed rate cut on September 17. Furthermore, expected Fed rate cuts in the coming months will increase the demand for risky perceived assets, led by altcoins.

    According to data from Polymarket, the odds of a 25 bps Fed rate cut on September 17 surged to 86%, the highest level since the beginning of 2025. Polymarket traders are predicting a 10% chance that the Fed will leave its benchmark interest rate unchanged this month.

    Polymarket data

    According to market data from Kalshi, the odds of a 25bps Fed rate cut in September surged to a new all-time high of 85% today. Kalshi traders are predicting a 10% chance that the Federal Reserve will leave its benchmark interest rate unchanged later this month.

    Kalshi data

    The upcoming Fed rate decision is expected to be a major turning point for the crypto bull market. Meanwhile, Federal Reserve Governor Christopher J. Waller said on Wednesday during an interview that multiple interest rate cuts over the next 3โ€“6 months are possible.

    Cautionary Tale

    Crypto analyst Benjamin Cowen has predicted that Ethereum price will drop below $4k in the coming days before rebounding to a new all-time high soon. 

    However, the midterm bearish sentiment will be invalidated if the altcoin consistently closes above $5k in the coming weeks.

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