Ethereum falls $2,276 while the market awaits Thursday’s markup. Today’s correction has a name: Citi cut its target to $3,175 this week, citing directly “the slow progress of the CLARITY Act.” If Thursday’s markup goes through cleanly, Citi reverses that cut. Standard Chartered keeps a $7,500 target for 2026. The gap between those two targets — $3,175 vs $7,500 — is exactly Thursday’s markup.
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💣 BOMBA DATA:
The CLARITY Act confirms $ETH as a commodity — that legally opens the door to staking ETFs that institutional managers have been waiting for months to file. Bitmine has $12,000 million in ETH and will hit its goal in weeks — then it pivots to staking. ETH funds recorded $77.1 million in inflows last week, rebounding from $81.6 million in outflows the week before. The DTCC has a tokenization pilot for July on Ethereum with BlackRock and Goldman Sachs. Standard Chartered keeps $7,500. Citi is at $3,175. Thursday’s markup decides which of the two is right before year-end.