Ethereum recovered to around $2,461 after briefly dropping below the key $2,400 support level, as investors assessed tighter monetary policy, regulatory uncertainty and cryptocurrency fund outflows. ETH briefly fell to about $2,372 before buyers returned, leaving it up 2.97% and lifting its market capitalization 2.98% to approximately $300 billion over 24 hours, according to CoinMarketCap. The Federal Open Market Committee raised its benchmark rate by 25 basis points to a target range of 3.75%–4.00%, its first rate hike since 2023. The Senate also failed to advance the CLARITY Act after a 49–50 procedural vote, below the 60 votes required. U.S. spot Ether ETFs recorded $224 million in net outflows on September 16, while spot Bitcoin ETFs lost $296 million, with BlackRock’s ETHA accounting for about $110 million of the Ether ETF outflows. Ethereum’s next short-term test is the $2,400 level: a sustained break below it could expose $2,372 and then $2,350, while holding above it could open a test of resistance between $2,450 and $2,500. The four-hour relative strength index (momentum indicator) stood at 53, near neutral and below the commonly used 70 overbought threshold.