On July 19, US President Trump raised demands on the EU, hoping to maintain import tariffs at 15%-20% and maintain a tough stance on EU car tariffs, triggering market concerns about global trade. Meanwhile, the GENIUS Bill was officially signed by Trump today, bringing stablecoin regulation to a landing stage and potentially paving the way for the long-term position of US dollar stablecoins, which could constitute a medium-term positive for the crypto market.
ETH has risen sharply from $3,000 in the past three days, oscillating in the $3,570-$3,690 range, with multiple touches of high-density liquidation zones, indicating effective upper pressure and no breakthrough yet. The main short-term support areas are concentrated at $3,450 and $3,330, and if these levels are breached, it will further test the high-density long liquidation zone of $3,200-$3,100.
Bitunix analysts suggest: Although the GENIUS Bill is favorable for market confidence, the current macro environment remains conservative, and the crypto market may be affected by risk asset sentiment. ETH has risen sharply from $3,100 in the past three days, oscillating in the $3,570-$3,690 range, with multiple touches of high-density liquidation zones, indicating effective upper pressure and no breakthrough yet. The main short-term support areas are concentrated at $3,450 and $3,330, and if these levels are breached, it will further test the high-density long liquidation zone of $3,200-$3,100.
