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Ethereum price edges up as US House Chair signals possible CLARITY Act passage next week

Market News
18 Jul 2026
Coingape
View Source
Bullish
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Ethereum's price rose by 1.82% following US House Administration Committee Chair Bryan Steil's statement that the CLARITY Act, which would classify ETH as a digital commodity, could pass the Senate next week. This potential regulatory clarity is boosting institutional interest, reflected in the highest weekly inflows to Ethereum ETFs since April. Ethereum is currently testing a key support level at $1,812, with bullish momentum suggesting a possible rise to $1,939 or even $2,244 if the bill passes. Failure to pass the bill could lead to a price drop below support.

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