Ethereum Price Eyes $4,000 as GENIUS Act Vote Fuels Bullish Surge
2025-07-15 10:22:09
Main Idea
The Ethereum price is approaching $4,000, driven by the anticipated passage of the GENIUS Act, which aims to establish a regulatory framework for stablecoins, and increasing institutional inflows.
Key Points
1. The GENIUS Act seeks to create a clear regulatory framework for stablecoins, including robust anti-money laundering (AML) compliance.
2. US-listed Ethereum ETFs recorded their largest net inflows, with 225,857 ETH accumulated last week, and major treasury holders added over 545,000 ETH (valued at $1.6 billion) in the past month.
3. Ethereum is trading above the critical $3,000 support level, with $3,300 seen as the next significant resistance point if buying momentum continues.
4. Congresswoman Maxine Waters opposes the GENIUS Act and CLARITY Act, calling them 'risky giveaways'.
5. Bitcoin's price dropped due to selling by a Satoshi-era whale, while Bhutan sold 512.84 BTC (valued at $59.47 million) amid all-time highs.
Description
Ethereum (ETH) is showing strong indicators that its price is poised to reach the $4,000 mark, a surge largely attributed to the anticipated passage of the GENIUS Act. This pivotal legislation, having already cleared the Senate and now awaiting a vote in the House, is expected to catalyze substantial institutional investment into the Ethereum network. … Continue reading "Ethereum Price Eyes $4,000 as GENIUS Act Vote Fuels Bullish Surge" The post Ethereum Price Eyes $4,000 as GENIUS Act Vote Fuel...
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