Ethereum at $2,540: $197M inflow into ETH ETFs and anticipation of CLARITY Act vote
- —BitMine bought 27,180 ETH over the week, bringing reserves to 5.96 million ETH (4.9% of supply)
- —Canaan sold all 3,952 ETH and 54 BTC for $13.9 million, buying back 13.6 million ADS
- —ETH on exchanges fell to 6.06 million — 73% below the June 2020 peak
- —Odds of the CLARITY Act passing in 2026 rose from 14% to 31%
Why it matters: The CLARITY Act vote and the Fed meeting will determine ETH's direction: a break above $2,550 opens the path to $3,000.
Source: CoinCentral