Ethereum trapped in liquidity snare after CLARITY Act fails
- —ETH retreated to $2,410 after sweeping liquidity above $2,600
- —The CLARITY Act vote failed 49 to 50
- —Open interest in ETH futures dropped 3.1% to $31.4 billion
- —Liquidations totaled about $660 million, with 84% being longs
Why it matters: A return above $2,600 would revive the bullish scenario, while losing $2,350 would open the path to $2,000.
Source: Live Bitcoin News