Summary
Ethereum (ETH) was US$2394.49, down 1.98% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Ethereum is down 3.78% to $2,404.30 in 24h, underperforming a broader market sell-off primarily driven by regulatory disappointment and macro uncertainty. The drop came after the U.S. Senate failed to advance the CLARITY Act and as traders braced for a likely Federal Reserve rate hike. 1. **Primary reason:** Regulatory setback and macro pressure, as the CLARITY Act vote failed and Fed hike fears mounted. 2. **Secondary reasons:** Leveraged long liquidations and a technical breakdown below key support. 3. **Near-term market outlook:** Direction hinges on the Fed's decision today; holding above $2,360 Fibonacci support could stabilize prices, while a break risks a test of $2,173.