Ethereum (ETH) Price: On-Chain Data Shows Whale Accumulation Despite 4% Drop

Ethereum dropped ~4% after the CLARITY Act failed to advance in the U.S. Senate. The Federal Reserve raised rates by 25 bps to 3.75%–4.00%, with more hikes projected. Exchange reserves hit 14.6 million ETH, the lowest since 2016. Whale wallets accumulated roughly 200,000 ETH over the past month. Key support sits at $2,270.