Ethereum Drops After Clarity Act Senate Failure
Ethereum (ETH)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Ethereum and the broader crypto market reacted negatively after the Clarity Act failed to clear the Senate. Analysts had previously viewed the bill as a major tailwind for the second-largest cryptocurrency, but those expectations have now been reset. The setback has visibly impacted ETH, which failed to close above $2,550 last week.
Over the past seven days, the altcoin's price dropped approximately 3%. Following the bill's failure, Ethereum dipped to $2,388 before rebounding to $2,400. In contrast, other major altcoins like XRP and Hyperliquid experienced steeper declines of over 8%.
US-listed spot Ethereum funds also recorded heavy selling pressure. These funds saw their largest outflow since January on Tuesday as the legislative bill stalled. One analyst noted that if the Clarity Act passes, Ethereum could reclaim the $2,550 level. They added that a pump to $3,000 could occur soon once that threshold is breached.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio data shows ETH trading at $2,418.26 with a 24-hour buy ratio of 48.5%, indicating a slight edge for sellers. Short-term pressure is heavier, with the 1-hour buy ratio at 48.1% and the 4-hour ratio at 48.6%. The volume delta reflects this selling bias, showing -$1,415,033 in the last hour and -$2,590,806 over four hours. Over the full day, the net volume delta sits at -$22,389,741, confirming sustained outflow. This means sellers have dominated the order flow for the majority of the trading session. Only 8 out of 24 hours saw net buying pressure, highlighting a generally bearish sentiment.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Compared to the preceding week, the current buy ratio is marginally higher at 48.5% versus the 7-day average of 48.0%. However, trading volume is subdued, sitting at 0.88x the weekly average. The coin has seen only 2 days of net buying out of the last 7, suggesting a lack of consistent bullish conviction. Price has declined 2.0% over the 8-day period, with a total volume delta of -$241,931,117. This indicates that while today is not an extreme outlier in terms of ratio, the broader trend remains firmly in the hands of sellers.