Bitunix Analyst: US Tariff Pressure and Stablecoin Bill Enactment, ETH Short-Term Cautious of Retesting Support Zone

Blockbeats
19 Jul

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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