Ethereum Fails at $2,000 as Regulatory Hopes Fade

Ethereum struggled to break past the $2,000 mark this week. The price fell about 3.5 percent on July 17 to hit $1,820 after buyers failed to sustain the recent momentum.

The decline follows news that the CLARITY Act is struggling to gain traction in the legislature. Lack of support from Democratic members has weakened overall market sentiment, leading many investors to step back from risky positions.

Traders are now watching the $1,800 support level closely. If the price breaks below this point, it could invite more selling pressure. Market participants remain cautious until there is more certainty regarding the path of digital asset regulations.