The Etherport has recently risen to about US$ 1845, and market sentiment has been boosted by developments in United States encryption legislation. Bryan Steel, Chairman of the Digital Assets Sub-Committee of the Financial Services Committee of the United States House of Representatives, said that the CLARITY bill was most likely to enter the Senate voting process next week, raising the market's focus on the future of regulation in the venom.

The progress of the bill has brought the mood back.

At a hearing on July 17th, Steel called on Congress to complete the relevant legislation as soon as possible. He then indicated to the media that the bill was expected to be submitted to the Senate in the coming week. If the bill goes well, the trading and regulatory framework for assets such as Taifung will be clearer.

However, the market is not fully betting on the bill to land quickly. Polymarket data show that traders are expected to increase the probability of the Act becoming law in 2026 to 39 per cent, up from 30 per cent on 17 July, but still below 50 per cent. Differences around ethical provisions and arrangements to stabilize currency gains continue to be major obstacles.

ETF one-week inflow of $105 million

Institutional flows are also improving simultaneously. SoSoValue data show that during the period from 13 July to 17 July, there was a total net inflow of $105 million from ETF, the strongest single-week performance since April.

The same is true for the chain. DeFiLlama shows that the total value of the Taifung network is about $40.5 billion, a significant increase from about $36 billion at the beginning of July. In the past 24 hours, the network has gone to the Centralized Exchange for about $978.9 million and the chain for about 2.46 million.

$1830 to support attention.

On the surface, $1830 is a key support point for short lines, and $1854 is an important resistance above. If the price is back in this position, the market will again focus on the 1947 dollar area that was previously touched.

The liquidation distribution also shows that between $1860 and $1870 gathers more intensive leverage positions and more positions around $1900. The liquidity below is concentrated around $1810 and $1790.

Broken or weakened the rebound structure.

If the pressure is increased and the price is not set at $1830, the rhythm may slow down with short-range repairs in the Taifeng and the support around $1812 is tested. A further fall of US$ 1780 would significantly weaken the current rebound structure and the market might re-evaluate the sustainability of the rebound.

In addition to price factors, policy progress remains an important variable for the following week. If the CLARITY bill continues to be divided before the Senate vote, the momentum for a policy-driven rebound in the near future may diminish.