Ethereum (ETH) has recently been affected by global economic fluctuations, showing a short-term adjustment trend. However, several factors indicate that September could be a significant turning point for ETH.

First, the Federal Reserve's expectation of interest rate cuts has become the market focus. Current data shows a very high likelihood of a 25 basis point rate cut in September, which may create a favorable environment for digital assets like ETH.

Historical data also provides positive signals for the trend of ETH. Although August is usually a month of high fluctuation, ETH often performs well in bull market years. The current technical analysis also supports a mid-term upward trend.

The clarification of stablecoin regulation is another factor worth paying attention to. New legislation requires stablecoins to be backed by USD assets, which not only standardizes the market but also indirectly supports mainstream digital currencies such as ETH.

The behavior of institutional investors also conveys positive signals. Several well-known institutions continue to increase their holdings of ETH, and the number of ETH staked on the Ethereum 2.0 beacon chain has exceeded 36 million, indicating that long-term capital is actively positioning itself.

On-chain data analysis shows that despite some large holders selling off, overall large transactions and changes in positions suggest that institutions are accumulating at low levels. Meanwhile, an increase in short liquidations and a decrease in exchange inflow also indicate that the market may be about to welcome a rebound.

Overall, the current market adjustment may provide new entry opportunities for investors. In the long term, expectations of interest rate cuts, the clarification of stablecoin regulatory frameworks, and continuous accumulation by institutions together form a solid foundation for the rise of ETH.

However, investors still need to be cautious, closely monitor market changes, and manage risks effectively. The specific trend of ETH in the future still requires further observation and analysis.