Ethereum falls to $2,400 after CLARITY Act failure, $350M in ETH leaves exchanges
- —Over 96 hours, more than 140,000 ETH worth ~$350 million left exchanges
- —ETH reserves on exchanges fell from 22.9 million in June 2020 to 6.06 million
- —Spot ETH ETF inflows for the week were $121 million, five weeks in a row
- —Whales (10,000–100,000 ETH) added ~200,000 ETH, while retail sold ~192,000
Why it matters: A decline in ETH supply on exchanges and sustained ETF inflows could ease seller pressure, but support at $2,431 and the Fed's decision remain key.
Source: CoinCentral