🚨 Market Update: Ethereum Under Pressure?
Analysts caution that Ethereum (ETH) could face a short-term correction due to the combined weight of newly introduced U.S. tariffs and the rollout of the GENIUS Act. There’s potential for a dip toward key support levels between $3,450 and $3,330.
🔍 Zooming Out: ETH is currently trading within a consolidation zone of $3,570 to $3,690, a region filled with potential liquidations. This range also overlaps with growing optimism in the DeFi space—fueled by the GENIUS Act, which restricts yield-bearing stablecoins and could redirect attention toward decentralized alternatives.
🌞 DeFi Summer Incoming?
This regulatory shift may ignite a fresh DeFi boom, with Ethereum at the heart of it. Whale activity supports this outlook—just recently, 19,500 ETH were scooped up, signaling strong institutional confidence.
📈 Outlook:
Mid-term, I expect ETH to challenge and eventually surpass the $3,600 resistance. But in the short term, it’s wise to stay cautious—don’t chase pumps. Instead, watch for accumulation opportunities closer to $3,200, especially with ETF inflows possibly adding fuel to the next leg up.
