Ethereum (ETH) struggles to maintain upward momentum, encountering significant price resistance despite recently enacted legislation designed to bolster cryptocurrency regulation. The digital asset currently demonstrates heightened volatility, trading between $3,570-$3,690 after rallying from $3,000.
Global trade tensions intensified as US President Trump upheld import tariffs of 15%-20% on European Union goods, creating economic uncertainty across financial markets. Meanwhile, the cryptocurrency sector received a regulatory boost through the newly signed GENIUS Act establishing clearer frameworks for US dollar-backed digital assets.
Market analysts identify key technical resistance zones for ETH near high-density liquidation clusters at $3,450 and $3,330 levels. Failure to hold these support thresholds risks testing the $3,200-$3,100 consolidation zone. Despite short-term downside pressures, financial observers emphasize the GENIUS Act provides foundational stability for crypto markets moving forward.
The co-occurrence of escalating trade conflicts and landmark crypto regulation creates competing forces influencing ETH’s price trajectory. Professional traders continue monitoring liquidation levels while acknowledging the long-term significance of regulatory clarity introduced by the legislation.