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Ethereum price remained near $2,400 on Sept. 17 after U.S. spot Ethereum ETFs recorded $141 million in net outflows. ETH had fallen sharply during the previous session before stabilizing around a major technical support area.
The selloff followed the failed CLARITY Act cloture vote and came ahead of the Federal Reserve’s Sept. 16 rate increase. The Fed has since raised its benchmark rate by 25 basis points to 3.75%-4.00%.
Ethereum Price Trend After CLARITY Act Stalls
Ethereum traded as high as $2,484.90 before sellers pushed the price toward an intraday low near $2,360. The token later recovered modestly, although it remained below the $2,400 area.
The decline followed the Senate’s failure to advance the CLARITY Act, which added uncertainty around U.S. crypto rules. Major crypto assets also weakened as traders prepared for the Federal Reserve’s latest interest-rate decision.
ETH has now moved back toward an important long-term technical area after failing to maintain its earlier recovery. Price also remains below the 50-week simple moving average near $2,468.
That level has become immediate resistance because buyers have yet to establish a sustained move above it. A stronger recovery would require ETH to regain $2,468 before challenging the higher $2,547 resistance.
Spot Ethereum ETFs Record $141M in Net Outflows
U.S. spot Ethereum ETFs recorded $141 million in total net outflows on September 15, according to SoSoValue data cited by Wu Blockchain. BlackRock’s ETHA accounted for about $97.97 million of those withdrawals.
ETHA therefore represented roughly 69% of the day’s total spot Ethereum ETF outflows. The withdrawals arrived as Ethereum fell back below $2,400 and tested lower intraday support.
Bitcoin investment products also faced heavy redemptions during the same session. U.S. spot Bitcoin ETFs recorded $450 million in net outflows, with Fidelity’s FBTC losing about $215 million.
The combined figures show that Bitcoin and Ethereum ETFs recorded about $591 million in net outflows during the session. Ethereum products accounted for almost one-quarter of that total.
The timing also coincided with weaker cryptocurrency prices following the stalled CLARITY Act vote. Ethereum’s decline toward $2,360 drew additional attention to whether ETF selling would continue in the next trading session.
ETH Crypto Analyst Forecasts
Ethereum is trading near its 50-week exponential moving average at $2,382. That level could determine whether the recent recovery structure remains intact.
A weekly close below the 50-week EMA could expose the first major support area near $2,225. That would represent a decline of roughly 8% to 10% from current levels.
Below $2,225, ETH crypto next major support areas sit around $1,965 and $1,713. These levels would become relevant if selling pressure extended beyond the current range.
Crypto analyst Crypto Patel also identified a broader downside path if ETH fails to recover above higher resistance. His stated levels include $2,143, $2,000, $1,870, and $1,800.
On the upside, Ethereum price needs to reclaim $2,547 before the short-term structure improves. A break above that level could bring the $2,800 resistance area back into focus.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and ETF flows or technical targets do not guarantee future price performance.
