Ethereum (ETH) is in a good position considering it rose 1.15% to $2,302 today, May 2. The weekend volatility may have had something to do with this, but on Friday, a major update occurred. Senator Tillis said there is now a compromise on CLARITY. But with this being something that has been awaited for a long time, where will the price of Ethereum go?
CLARITY Law advances amid settlement over stablecoin yield
The Clarity Act is now one step closer to getting the green light. The dispute over the return paid to those holding stablecoins has been resolved. It was this conflict that caused the bill to not get a rate increase in the US Senate.
The banks did not want anyone with a stablecoin to benefit from the reward. Coinbase, on the other hand, didn’t want its hands tied. The price of Ethereum has been a victim of this. Senator Tillis seemed to have done a great job of getting the two to shake hands.
Paul Grewal from Coinbase He says There was no need for this stagnation in the beginning. But now that it was out of the way, he hoped there would be no objection.
Galaxy’s Alex Thorne, who previously said that there is only… 50% chance of passing clarity this yearThe melody also changed. He now says the coding will be on May 11th. This is barely two weeks from now. For a bill that was feared to be dead, a price increase a week from now is a good turnaround.
Ethereum price eyes $2,500 as indicators turn
CLARITY is back on the table again, and now where Ethereum’s next direction is a hot topic. The price is up 12% in 30 days, with more to come. AO alludes to this because of how it changed to green. And that’s not all, because it’s also gotten bigger.
This can only mean one thing. This is because the bulls have a good grip. They don’t leave. This may lead to an increase in the price of ETH.
Zooming in further here shows that something else is going on. A falling wedge appears. This means that the tide may be turning and the price of Ethereum may be on its way up. What makes this even more plausible is that recently, Ethereum was repeating the 2025 move.
As long as buyers are not usurped by sellers, ETH price could reach $2,500. A Long-term Ethereum price forecast Getting over $3,000 could be the next thing that happens, he says.
But there’s something else going on. Those who buy stop now and the RSI shows it. It’s straight forward, and this only happens when there aren’t many buyers now.
