Ethereum dips to $2,276 as the market awaits Thursday's markup. Today's correction has a name: Citi slashed its target to $3,175 this week directly citing 'the slow progress of the CLARITY Act.' If Thursday's markup goes smoothly, Citi will reverse that cut. Standard Chartered maintains a target of $7,500 for 2026. The difference between those two targets — $3,175 vs $7,500 — is exactly what Thursday's markup is all about.
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💣 BOMBSHELL:
The CLARITY Act confirms $ETH as a commodity — this opens the legal door to staking ETFs that institutional managers have been waiting months to present. Bitmine has $12 billion in ETH and will hit its target in weeks — then it shifts to staking. ETH funds recorded $77.1 million in inflows last week, bouncing back from $81.6 million in outflows the previous week. The DTCC has a tokenization pilot for July on Ethereum with BlackRock and Goldman Sachs. Standard Chartered holds at $7,500. Citi is at $3,175. Thursday's markup will determine which of the two is right before the end of the year.