Key facts: Crypto market bill nears passage; Ethereum drops below $2,360
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- A new crypto market bill is close to passing, aiming to clarify regulations for digital assets like Ethereum, with the CFTC set as the main regulator for digital commodities.1
- Ethereum has dropped below $2,360 support, with immediate support at $1,820–$1,850. The weekly RSI approaches oversold levels, but no bullish divergence confirms a trend change.2
- Ethereum (ETH) faced substantial outflows of $85.1 million, largely influenced by BlackRock ETHA's outflows of $112.7 million, reflecting ongoing negative sentiment in the market.3