Ethereum rose 1.8% to $1,845 after Representative Bryan Steil said the Senate might consider the CLARITY Act next week. Spot Ethereum ETFs recorded $105 million in weekly inflows, the highest since April. The CLARITY Act proposes to classify Ethereum as a digital commodity and establish federal rules for its trading and oversight. Steil, chair of the House Financial Services Subcommittee on Digital Assets, told FOX Business that the bill could reach the Senate floor within the coming week. Passage would place ETH under a digital commodity framework and create regulatory guidelines for its market. Polymarket raised the probability that the bill becomes law in 2026 to 39% from 30% on July 17. DeFiLlama reported total value locked at about $40.5 billion, up from roughly $36 billion at the start of July. The network processed $978.9 million in decentralized exchange volume and 2.46 million transactions in the past 24 hours. SoSoValue data showed spot Ethereum ETF inflows of $105 million between July 13 and July 17. Analysts noted that ETH must hold above $1,830 to maintain recent gains; a break below that level could expose the 50‑day EMA near $1,812 and trigger leveraged long liquidations around $1,810. A drop below $1,780 would weaken the double‑bottom pattern and target the 50% retracement at $1,729.24. The near‑term price outlook will depend on the progress of the CLARITY legislation and price action around the $1,830 support level.