Ethereum's short-term price remains driven by liquidity, as evidenced by the $73M ETH treasury purchase and BlackRock's Ethereum spot ETF n…

Ethereum's short-term price remains driven by liquidity, as evidenced by the $73M ETH treasury purchase and BlackRock's Ethereum spot ETF net inflow. Regulatory doubts persist, with no new structural clarity emerging despite House Chair's timeline on CLARITY Act. I observed multiple large ETH liquidations and whale selling, which test the short-term liquidity thesis. My analysis suggests that regulatory headwinds still bind long-term ETH price.