Ethereum back above $2,431 after Fed rate hike and CLARITY Act failure
- —ETH rose 1.7% and held above $2,431 and its 20-day EMA
- —U.S. spot ETH ETFs lost $365.5 million over two days
- —More than 152,000 ETH left exchanges in 24 hours, the most since June
- —ETH liquidations fell from $221 million to $87.6 million, with $45.4 million in shorts
Why it matters: Crypto traders are buying the dip, but weak institutional demand through ETFs is capping ETH's upside.
Source: Bitcoin Insider