ETH Struggles to Break Overhead Resistance Amid GENIUS Act Boost and US-EU Trade Tensions

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.