Bitunix analysts warn: With the pressure of U.S. tariffs and the implementation of the GENIUS Act, ETH is at risk of a short-term pullback to the support levels of 3450-3330.
From a macro perspective, ETH is fluctuating within the range of 3570-3690, approaching high-density liquidation zones, which aligns with the positive outlook for DeFi due to the GENIUS Act's prohibition on yield stablecoins.
I believe this act will push for a DeFi summer, with ETH as a core asset showing strong buoyancy, but the whale buying spree, such as the addition of 19,500 ETH, reflects confidence.
In the medium term, I am optimistic about ETH breaking through 3600, but in the short term, avoid chasing highs and prepare to buy the dip around 3200. Combined with ETF inflows, this wave might turn bullish.