Ethereum

ETH is underperforming BTC today (-0.61% vs BTC +0.7%), a bearish divergence that signals altcoin rotation risk — yet Arthur Hayes re-entering with $2.5M+ and record July ETF inflows of $365M provide a crucial institutional bid floor near $1,810–$1,830.

ETH is holding above its July double-bottom support near $1,810 but remains capped below the key $1,950 resistance, with the BTC/ETH ratio diverging as BTC gains +0.7% on the day while ETH slips -0.61%.

Main Risk

US Senate Clarity Act Legislative Stall

The Senate enters summer recess with the Clarity Act (crypto market structure bill) unresolved, removing a near-term regulatory catalyst that bulls had priced in for Q3 2026.