Two Ethereum whales purchased 5,195 ETH worth approximately $12.9 million while Ethereum Spot ETFs continue to sell. ETH collapsed to $2,356 following the failure of the CLARITY Act in the US Senate, but recovered to $2,444 as the market responded positively after the Fed rate hike. Bitwise ETF alone sold 14.3K ETH worth $34.21 million, and ETH ETFs recorded $224 million in outflows over the past days, marking the highest outflows since January. The $2,400 level is proving to be a strong support, but institutional outflows remain far larger than whale inflows.
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