Clarity Act: House Hearing Advances Bill to Trump

Clarity Act faces its pivotal House hearing today, with traders like @CryptoMichNL positioning for strength in Ethereum native assets, US-based coins and DeFi protocols if the bill clears before summer recess.

Price action on the 4h chart shows ETH at $1842.6 inside the Bollinger Bands, testing short-term volatility limits between $1817.36 support and $1941.44 resistance while the EMA50 at $1829.38 and EMA200 at $1770.02 anchor the broader bullish structure; the neutral RSI at 47.25 paired with the MACD death cross at 4.6 signals institutional desks may wait for a clean retest of the 50-EMA before scaling into altcoin exposure ahead of the legislative vote.