On July 19, US President Trump raised demands on the EU, hoping to maintain import tariffs at 15%-20% and maintaining a tough stance on EU car tariffs, triggering market concerns about global trade. Meanwhile, the GENIUS Act was officially signed by Trump today, marking a regulatory milestone for stablecoins and potentially paving the way for the long-term status of US dollar stablecoins, which could be a medium-term positive for the crypto market.
After ETH's significant rise from $3,000 in the past three days, it has been oscillating in the $3,570-$3,690 range, repeatedly touching high-density liquidation zones, indicating effective overhead pressure and yet to break through. The primary short-term support areas are concentrated at $3,450 and $3,330; if these levels are breached, it may further test the high-density long liquidation zone at $3,200-$3,100.
Bitunix analysts suggest: Although the GENIUS Act is favorable for market confidence, the current macroeconomic environment remains conservative, and the crypto market may be affected by risk asset sentiment. ETH has been oscillating in the $3,570-$3,690 range after rising from $3,100 in the past three days, repeatedly touching high-density liquidation zones, showing effective overhead pressure and yet to break through. The primary short-term support areas are concentrated at $3,450 and $3,330; if these levels are breached, it may further test the high-density long liquidation zone at $3,200-$3,100.
