BlockBeats News: On July 19th, US President Trump raised demands from the European Union to maintain import tariffs at 15% -20% and maintain a tough stance on EU car tariffs, sparking market concerns about global trade. At the same time, the GENIUS Act was officially signed by Trump today, marking the implementation of stablecoin regulation and paving the way for the long-term position of the US dollar stablecoin, which is a medium-term positive for the cryptocurrency market.
After a significant increase in the price of ETH from $3000 in the past three days, it has fluctuated within the range of $3570-3690, and has repeatedly touched the high-density clearing zone within the region, indicating that the upper pressure is effective and has not yet broken through. The main short-term support areas below are concentrated at $3450 and $3330. If they fall, it will further test the high-density long clearing area of 3200-3100.
BitUnix analysts suggest that although the GENIUS bill is positive for market confidence, the current macro outlook is still conservative, and the cryptocurrency market may be affected by risk asset sentiment. After a significant increase in the price of ETH from $3100 in the past three days, it has fluctuated within the range of $3570-3690, and has repeatedly touched the high-density clearing zone within the region, indicating that the upper pressure is effective and has not yet broken through. The main short-term support areas below are concentrated at $3450 and $3330. If they fall, it will further test the high-density long clearing area of $3200-3100.
