Ethereum News Today: Trump's Tariff Demands Spark Trade Tensions, Ethereum Surges 20%

U.S. President Trump has intensified his demands on the European Union, insisting on maintaining import tariffs at 15%-20% and taking a firm stance on EU auto tariffs. This move has sparked concerns about global trade tensions, which could potentially impact market sentiment. Concurrently, Trump signed the "GENIUS Act," marking a significant step towards the regulation of stablecoins. This legislation is expected to bolster the long-term status of the USD stablecoin and present a medium-term bullish outlook for the cryptocurrency market.

In the cryptocurrency space, Ethereum (ETH) has experienced a sharp price increase, reaching $3000 over the past three days. However, the price has since fluctuated within the $3570–3690 range, repeatedly touching high-density liquidation areas without a significant breakthrough. This indicates effective upward pressure but suggests that the price may not sustain its upward momentum without further support. The key short-term support levels for ETH are around $3450 and $3330. A breach of these levels could lead to a further test of the high-density bullish liquidation area between $3200 and $3100.

According to a Bitunix analyst, while the GENIUS Act is positive for market confidence, the current macroeconomic outlook remains somewhat conservative. The cryptocurrency market may be influenced by the sentiment surrounding risk assets. The analyst recommends caution, noting that after a significant rise from $3100, ETH has fluctuated within the $3570–3690 range, indicating effective upward pressure without a breakthrough. The key short-term support levels are around $3450 and $3330, with a breach potentially testing the high-density bullish liquidation area between $3200 and $3100.