ETH jumps 0.59% in the short term as rising regulatory expectations for the Clarity Act drive follow-on buying

During the 16:30–16:45 UTC window on July 22, 2026, ETH moved higher in the short term, with a Return % of +0.59% and a price range of 1939.33–1956.41 USDT, alongside an Ampl of 0.88%. Market volatility stayed limited, but shifting expectations around regulation drew attention.

The main driver behind this move was U.S. Treasury Secretary Scott Bessent’s optimistic remarks about progress on the “Clarity Act” crypto regulatory legislation. In the short term, his comments boosted risk appetite across the crypto market: BTC rose by about 2.5%, and ETH followed in tandem, with its gain reaching as high as 1.19% during the 13:00 UTC period.

However, based on volume–price confirmation, the Filled Amount during this window was 9,424 ETH—within normal levels—and it did not show any breakout alongside increased volume. This suggests the rally was more of a technical rebound driven by BTC rather than an ETH-led fundamental move. In addition, the order book depth shows a buy-to-sell ratio of 0.48, indicating sellers are dominant. At $1929.3, there’s a sell wall making up 47.4% of the top 5 levels. The Order Book is extremely thin, and liquidity remains limited, so upside resistance is likely to persist in the short term.

Key resistance levels to watch now are the $1942–$1955 range, while support sits at $1910–$1917. Given the pace of continued progress on the Clarity Act and whether BTC can effectively break through the current resistance level, the core catalysts are whether order book depth continues to change and how BTC price action develops. The near-term asks-dominant structure has not changed; volatility risk remains, and investors are advised to watch for further market updates.