ETH Struggles to Break Overhead Resistance Amid GENIUS Act Boost and US-EU Trade Tensions
2025-07-19 09:17:39
Main Idea
Ethereum (ETH) faces resistance in its price movement amid trade tensions and the signing of the GENIUS Act, which provides a regulatory boost to the cryptocurrency sector.
Key Points
1. US President Trump maintains import tariffs of 15%-20% on EU goods, escalating trade tensions.
2. The GENIUS Act is signed, providing a regulatory framework for US dollar-backed digital assets and boosting the cryptocurrency sector.
3. Ethereum (ETH) shows volatility, trading between $3,570-$3,690 after a surge from $3,000.
4. ETH encounters resistance near high-density liquidation zones at $3,450 and $3,330; a drop below these could test the $3,200-$3,100 zone.
5. Market analysts highlight the GENIUS Act's positive impact on the crypto sector despite ETH's short-term downside risks.
Description
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