BlockBeats News, July 19th, U.S. President Trump raised demands on the EU, hoping to maintain import tariffs at 15%-20%, and maintained a tough stance on EU auto tariffs, triggering market concerns about global trade. At the same time, the "GENIUS Act" was officially signed by Trump today, pushing stablecoin regulation into the implementation phase, potentially paving the way for the long-term status of the USD stablecoin and presenting a medium-term bullish case for the crypto market.

After a sharp rise in the price of ETH to $3000 in the past three days, it fluctuated in the $3570–3690 range, touching the high-density liquidation area multiple times within the region, showing effective upward pressure without a breakthrough. The short-term major support levels below are concentrated around $3450 and $3330. A breach would further test the high-density bullish liquidation area of $3200–3100.

Bitunix analyst recommends: Although the GENIUS Act is positive for market confidence, the current macro outlook remains somewhat conservative, with the crypto market potentially affected by risk asset sentiment. After a significant rise in ETH price from $3100 in the past three days, it fluctuated in the $3570–3690 range, touching the high-density liquidation area multiple times within the region, indicating effective upward pressure without a breakthrough. The key short-term support levels below are around $3450 and $3330. A breach would further test the high-density bullish liquidation area of $3200–3100.