Ethereum gets jittery ahead of CLARITY Act vote and Fed decision. What to watch next?

Ethereum is treading carefully ahead of today’s CLARITY Act cloture vote in the US Senate and tomorrow’s Federal Reserve decision. Despite hotter-than-expected US monthly core inflation, oil staying above $100 and market expectations shifting more hawkish, ETH has held relatively firm over the past week. The market’s near-term focus is regulatory: CLARITY would create a clearer framework for crypto roles between the SEC and CFTC and set requirements for exchanges, brokers and dealers. A failed cloture vote could shut the legislative window and likely pressure ETH. Even a pass may trigger a “sell the fact” move as traders pivot back to the macro backdrop and FOMC.