Ethereum Price Outlook as CLARITY Act Advances on Stablecoin Yield Deal

CoinGape reports that Ethereum (ETH) is trading around $2,302 after news of a Senate compromise on the CLARITY Act’s stablecoin-yield language, which removes a previous roadblock and could be bullish for ETH. Market participants and some analysts expect a Senate markup on May 11, improving passage odds and regulatory clarity that may support risk appetite. Technicals also favor bulls: ETH has gained ~12% in 30 days, the Awesome Oscillator flipped green and a falling-wedge formation points to a potential breakout toward $2,500 (with $2,300 noted as near-term resistance). The piece cautions that the RSI shows stalled buying, so momentum needs to sustain for targets above $2,500 and beyond.