Key facts: Senate Advances CLARITY Act 15-9; ETH Faces $2,211 Resistance
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The Senate committee advanced the CLARITY Act 15-9, potentially impacting Ethereum (ETHUSD) with a 75% chance of a Senate vote before August. ETH faces resistance at $2,211, with support at $2,067. On-chain data shows large ETH wallets at a 10-month low, indicating distribution by holders. Ethereum's long-term outlook is weakening due to competition and upcoming privacy upgrades in the Hegota hard fork. A report suggests ETH could reach $250,000 if its market cap matches gold's.
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