ETH falls 4% after CLARITY Act failure as whales accumulate 200K ETH
- —ETH lost about 4% and fell below $2,400 after the CLARITY Act failure
- —$142.3 million was withdrawn from US spot Ethereum ETFs in a day
- —ETH derivatives liquidations totaled about $211 million, of which $184 million were longs
- —Whales holding 10,000–100,000 ETH accumulated ~200,000 ETH over 30 days
Why it matters: Shrinking exchange supply and whale buying support ETH, but the key level is $2,270 at the intersection of the 50- and 200-day EMAs.
Source: Blockonomi