ETH: Undervalued Asset as Clarity Act Spurs Breakout

ETH ranks as the most undervalued asset in crypto markets, with trader @CryptoMichNL noting that the Clarity Act supplies the regulatory framework for infrastructure plays like ETH to capture outsized gains during its breakout from a four-year downtrend against BTC.

Price action on the 4h chart shows ETH holding a bullish structure above the EMA50 support at $1899.68 and the EMA200 at $1819.48, with the pair trading inside Bollinger Bands between $1863.05 and $1972.38 while RSI sits neutral at 48.84 and MACD prints a death cross; this confluence points to a likely healthy pullback toward the 50-EMA before the next leg higher in the ETH BTC price ratio historical breakout.