Cryptocurrency Market Sees Signs of Recovery After Clarity Act Vote

The cryptocurrency market has been showing signs of recovery in recent days, after the Clarity Act passed a key Senate vote, lifting sentiment and sparking interest among investors.

Ethereum (ETH) is currently trading at $2,100, but faces resistance at $2,400, with analysts divided on whether it will reach new highs this year. Analyst Ben Cowen warned that ETH could face a bull trap if it reclaims old highs, and that a reversal towards $2,000 remains possible.

Meanwhile, Pepeto has been gaining attention in the market, having passed $9 million in presale funds, despite the current downturn. The project's focus on real trading infrastructure and cross-chain bridge has attracted investors who are looking for utility-based projects with clear listing timelines.