ETH rises 0.16% in the last 15 minutes: Growing legislative expectations for the Clarity Act spur follow-through, with a clear BTC-led effect

From 13:00 to 14:00 UTC on July 22, 2026, ETH traded in a tight range of 1916.94–1921.48 USDT, with the 15-minute candlestick closing up 0.16% and an amplitude of only 0.24%. Trading in the market overall was subdued; the intraday fluctuation range narrowed to $1,910–$1,944. This is a typical low-volatility sideways consolidation pattern, with a 24h Change % of only -0.03%.

The main driver behind this unusual move was optimistic comments from U.S. Treasury Secretary Scott Bessent regarding legislative progress on the Clarity Act. He said the bill is close to the “one-yard line” (i.e., about to be passed). After the news was released, BTC rose 2.5% in the short term, and ETH—being a high-beta asset—simultaneously climbed to around $1,950 before running into resistance and pulling back.

Meanwhile, low market liquidity increased price sensitivity—order book depth is extremely thin (only one level of data). The bid/ask depth ratio is 2.71, indicating a clear bid-side advantage. There is also a large buy wall at $1,938.73 (3.65 units account for 53.8% of the top 5 levels), suggesting technical support is likely present at this spot in the near term. Technically, the daily/4-hour MAs are biased bullish, but the 1-hour MA has turned bearish. RSI is neutral across the whole cycle, and ADX is below 30 across the board, indicating insufficient trend strength; the market is in a consolidation phase before direction is chosen.

It’s also worth noting that the relevance_score for all related news items is below 0.5, so this move is more likely to be a technical oscillation rather than event-driven. In the short term, key things to watch are: the real legislative progress of the Clarity Act, whether BTC can break above the $1,950 key resistance level, and whether the trading volume can effectively expand. Current support is the key $1,910–$1,913, and resistance is $1,944–$1,950. If there is a breakout above $1,950 with volume, it could open up upside room; otherwise, it will most likely remain in low-volatility consolidation.