While Bitcoin and Ethereum are undergoing a modest downward correction, summer 2026 could be a turning point for the US crypto industry. Optimism about passing the long-awaited crypto market regulatory bill known as the CLARITY Act is peaking, fueled by statements from key administration and industry figures.
Patrick Witt, the White House crypto adviser, yesterday expressed confidence that the bill will be passed in time for Independence Day on July 4. This ambitious timeline raises hopes for swift regulatory clarity that has been awaited for so long. Senate Banking Committee Chair Tim Scott has given similar signals, forecasting that the CLARITY Act will reach the president's desk this summer. The alignment of comments from high?level officials suggests a consolidated position and serious intent to finalize the legislation.
On the industry side, giants such as Coinbase are actively broadcasting this news, stressing the strategic importance of the summer passage of the CLARITY Act for the sector's further development.
Recently, US Treasury Secretary Scott Bessent — along with many market participants — has urged rapid adoption of the law. Current regulatory uncertainty is creating barriers to growth and innovation, while clear rules of the game could open the door to new investment. Many experts and investors believe that the passage of the CLARITY Act will be the trigger for a substantial inflow of institutional capital into the crypto market. That, in turn, could provide the powerful bullish driver the market currently lacks to break out of its bearish state.
Trading recommendations
Bitcoin technical picture
Buyers are currently targeting a return to $81,700, which opens a direct path to $83,600 and then $85,600. The far target is the high around $87,900; breaking that would signal attempts to resume a bull market. In case of a decline, buyers are expected at $80,100. A drop below that area could quickly push BTC toward $78,200, with the far downside target around $76,300.
Ethereum technical picture
A clear hold above $2,338 opens a direct path to $2,387. The far target is the high near $2,446; breaking that would indicate strengthening bullish sentiment and renewed buyer interest. In case of a decline, buyers are expected at $2,290. A fall below that area could quickly push ETH toward $2,225, with the far downside target around $2,162.
What's on the chart
The red lines represent support and resistance levels, where the price is expected to either pause or react sharply. The green line shows the 50-day moving average. The blue line is the 100-day moving average. The lime line is the 200-day moving average.Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.