Ethereum fell about 5% to approximately $2,400 after the Senate rejected the CLARITY Act, which failed to reach the 60-vote threshold after Senate Republicans rejected Democratic amendments. More than 140,000 ETH worth about $350 million left centralized exchanges over 96 hours, reducing immediately available supply. Exchange balances have declined from 22.9 million ETH in June 2020 to 6.06 million, a trend attributed to staking (locking crypto to earn rewards), spot ETF accumulation and corporate treasuries including Bitmine, which controls 4.9% of circulating supply. Addresses holding 10,000 to 100,000 ETH added about 200,000 tokens in seven days, while smaller wallets sold roughly 192,000 ETH. U.S. spot Ethereum ETFs attracted $121 million Monday after $216.4 million on the previous Friday, extending positive weekly flows to five consecutive weeks since the period ending August 21. Deribit open interest rose to $11.77 billion, and Binance's long/short ratio reached 3.10 ahead of the Federal Reserve announcement. ETH trades below its 20-day EMA at $2,435 and the $2,431 threshold; a failure to recover that level would put support near the 50-day EMA at $2,270 and the 200-day EMA at $2,266 in focus. A daily close below $2,380 could prompt a retest of $2,200.