Ethereum reclaims $2,431 despite Fed rate hike and regulatory hurdles

Ethereum gained 1.7% to reclaim the $2,431 level, showing resilience following the Federal Reserve's 25-basis-point interest rate hike and the failure of the CLARITY Act (US digital-asset market-structure bill) to advance in the Senate. While crypto-native traders appear to be buying the dip, evidenced by significant exchange outflows and activity in perpetual futures, institutional demand remains weak as US spot Ethereum ETFs continue to see net outflows.