July 18 ETH Operation Strategy

Last night, the CLARITY bill was passed in the House of Representatives and is moving towards a Senate vote; the GENIUS bill has also completed approval in both houses of Congress and is expected to be signed into law by the president on July 19. Once these two major bills are enacted, the regulatory haze will lift completely. Compliant stablecoins and staking products will welcome institutional dividends. At that time, mining, DeFi, and the upcoming Ethereum staking ETF will unleash a new wave of liquidity, and the medium to long-term upward trend in the entire blockchain sector will be reaffirmed.

$ETH ETH: Influenced by this news, ETH has also surged to the 3600 position. This is mainly due to the imminent passage of the CLARITY and GENIUS bills, and the regulatory haze is gradually dissipating.

From a technical perspective, in the short term, the 4-hour EMA has fully aligned in a bullish arrangement, the upper Bollinger band is opening upwards, and the MACD green bars are recovering, with momentum increasing again. The current price has reached a “high ground” where a pullback is difficult and a breakthrough is expected.

Key focus: The key resistance above is around $3,625; once broken, the next target can be set at $3,715 or even $4,000.

The biggest behind-the-scenes driver of this market trend is the frenzy of institutional-level funds: the daily inflow of funds into Ethereum spot ETFs reached $727 million, with a cumulative total exceeding $2 billion over the past two weeks, showing unprecedented enthusiasm from institutions towards Ethereum.

On-chain data is also flashing signals: since July, there has been a net inflow of 1.49 million ETH into whale addresses, with a month-over-month cumulative growth of 95%. The real whales have already staked their chips on this medium to long-term upward trend.

Personal judgment:

If the Senate and the White House successfully enact the aforementioned legislation, the next wave of mainstream asset allocation will tilt towards Ethereum. At the same time, short-term speculative positions will also take advantage of the situation to sell off, so be sure to pay attention to "breakthroughs are to be traded with the trend, bulls should not blindly increase positions, and profit-taking should have limits on pullbacks."