ETH has slipped below the important $2,400 level after the failed CLARITY Act vote triggered another wave of selling across crypto. Technical momentum has weakened, while investors are now turning their attention to the Federal Reserve.
Ethereum is still trading around $2.4K after a sharp recovery from the $1.5K area. The latest charts show ETH consolidating beneath the $2.5K resistance region, while supply continues to tighten. The technical structure remains constructive on the higher timeframe, although short-term momentum has weakened.
