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Ethereum rises 1.8% as hopes grow for Senate vote on CLARITY Act next week

Market News
18 Jul 2026
Crypto news
View Source
Bullish
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Ethereum's price increased by 1.8% to $1,845 following Rep. Bryan Steil's indication that the CLARITY Act could reach a Senate vote soon. The act aims to establish federal rules for Ethereum trading under a digital commodity framework, potentially boosting regulatory clarity. Spot Ethereum ETFs saw $105 million in inflows, the highest since April, supporting cautious bullish sentiment. Technically, Ethereum must hold above $1,830 and break $1,854 to target resistance near $1,947, with analysts optimistic about a rise toward $2,000+ if support holds. However, unresolved legislative issues and geopolitical risks could impact the momentum.

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