Analysts: CLARITY Act failure weighs on ETH, but supply stays scarce
- —ETH fell to $2,388 after the CLARITY Act failure, rebounding to $2,400
- —ETH lost about 3% over the week, XRP and HYPE more than 8%
- —ETH reserves on exchanges are 14.6 million, the lowest since 2016
- —43 million ETH is staked, nearly 35% of supply
Why it matters: The bill's failure removed a short-term catalyst for ETH, but supply scarcity and record staking support the medium-term scenario.
Source: BeInCrypto CN