Ethereum could serve as a leading indicator for the broader cryptocurrency market in the coming weeks, an analysis said. Blockchain outlet U.Today reported that crypto trader DonAlt, known for predicting XRP’s more than 700 percent rise in 2024 to 2025, called Ethereum’s daily chart the cleanest in the market. He highlighted consolidation after a breakout, viewing $2,400 as a key support zone and citing targets up to around $4,000.

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.