Ethereum Shrugs Off Regulatory Setbacks, Eyes $3,000 Target

Ethereum's price dipped 4% to $2,400 on Tuesday after the CLARITY Act failed to clear the Senate threshold, but despite this setback, the underlying bid remains strong.

The act's failure triggered a 5% drop in Ethereum's price, but exchange netflow data shows that whale wallets added roughly 200K ETH to their stacks over the past week, while retail sold about 192K ETH.

This divergence between institutional accumulation and retail selling is highlighted by $121 million of spot ETF inflows on Monday and $216.4 million on Friday, making Thursday's FOMC decision a crucial point for Ethereum's price prediction.