Sitting at $2,631.84. Up 7.47% today.
Look at the move.
ETH crashed hard from 2,669.81 down toward 2,357.59, right when CLARITY Act failed and the Fed hiked in the same stretch. I remember thinking that low looked like it could stick around for a while.
It didn't. Straight back up since, no base-building. Just a sharp V-recovery to where it's sitting now.
Here's the real catalyst behind it, tbh, and it's not just a bounce.
Two days after CLARITY failed, the SEC actually issued its "Innovation Exemption," letting approved venues trade tokenized US stocks onchain through regulated liquidity pools. It's a real, live rule now, not a proposal. Ethereum, Solana, and BNB Chain are all named as likely settlement networks for it.
So the same week crypto got bad regulatory news, it also got the clearest onchain-finance green light the SEC's given yet. That's the part explaining this recovery better than "market just bounced."
Here's the level that matters. $2,669.81. The old high, sitting right above price. Only about $38 away.
Break above it and hold, this is a full round trip. Crash erased, new local highs.
Reject there, I'd watch $2,436.71 first. Below that, the real test is whether $2,357.59 holds again.
ETH's knocking on the exact door that broke it days ago.
$2,669.81 is the number I'm watching.