Ethereum recovered toward $2,420 on Sep. 16 after falling to an intraday low of $2,382.70, but weak capital flows and resistance between $2,465 and $2,526 continue to constrain the rebound. The token opened at $2,398.26 and gained about 0.95% after briefly dropping below the $2,400 psychological level. The decline followed the failure of the Digital Asset Market CLARITY Act to advance in the U.S. Senate, where its cloture motion reportedly failed 49-50, below the 60 votes required. The setback reduced expectations for clearer jurisdictional divisions between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Ethereum also faced pressure after several failed attempts to hold above $2,500, following a recent move toward roughly $2,660. About $250 million in Ethereum positions were liquidated during the broader sell-off after $2,450 was lost. On the daily chart, Ethereum remains below the Bollinger Bands’ middle line at $2,464.49, with broader resistance extending to the upper band at $2,544.69. Support lies near the lower band at $2,384.30 and the $2,380-$2,400 area. Momentum has weakened, with the daily relative strength index at 52.09 versus its moving average at 61.02. The 4-hour chart shows Ethereum below Supertrend resistance at $2,526.61 and below former support near $2,441.90, while Chaikin Money Flow is negative at minus 0.07. A break below $2,380 could expose $2,300, $2,230 and $2,056, while a recovery above $2,464, $2,500 and $2,526 could reopen the $2,550-$2,660 zone and potentially $2,800. Analyst Ted Pillows warned that a weekly close below Ethereum’s 50-week exponential moving average could trigger an 8% to 10% correction. Crypto Patel identified $2,143, $2,000, $1,870 and $1,800 as downside levels, while keeping a bearish scenario active below $2,670 and maintaining a speculative longer-term target of $10,000 to $15,000. U.S. spot Ethereum ETFs recorded about $141.5 million to $142.3 million in net outflows, including roughly $98 million from BlackRock’s ETHA and $34.4 million from Bitwise’s ETHW. About 140,000 ETH, valued at approximately $350 million, was also reportedly withdrawn from exchanges. Ethereum remains sensitive to Federal Reserve expectations, with the probability of a 25-basis-point increase at about 80%, as higher rates and Treasury yields can make lower-risk assets more attractive.