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Ethereum price holds key support as U.S. Senate may vote on CLARITY Act, boosting bullish outlook.

Market News
18 Jul 2026
Tokenpost
View Source
Bullish
Ethereum price holds key support as U.S. Senate may vote on CLARITY Act, boosting bullish outlook.

Ethereum (ETH) rose about 1.8% amid optimism that the U.S. Senate could soon vote on the CLARITY Act, which may classify Ethereum as a digital commodity. This potential legislation is expected to enhance regulatory clarity and institutional participation, supporting Ethereum's price despite recent volatility. Ethereum is currently testing support near its 50-day EMA around $1,812, with bullish momentum possibly pushing it toward $2,244 if the act passes. Institutional demand is also increasing, with strong inflows into Ethereum ETFs and rising total value locked in the Ethereum ecosystem, signaling renewed investor confidence.

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