šØ ETH on the Edge: DeFi Summer or Short-Term Dip?
Bitunix analysts have sounded the alarm ā with U.S. tariffs heating up and the GENIUS Act reshaping the crypto landscape, Ethereum (ETH) could face a short-term correction toward the 3450ā3330 support zone.
But don't count ETH out just yet.
š On the macro chart, ETH is ranging between 3570ā3690, brushing against high-density liquidation zones ā a volatile battleground.
š„ Hereās the twist: The GENIUS Act, which bans yield-based stablecoins, may become a catalyst for a DeFi boom ā and ETH, as the backbone of DeFi, is poised to ride that wave.
š Whales are already positioning ā a recent 19,500 ETH accumulation signals strong confidence.
ā ļø My Take:
ā¢ Short-term: Stay cautious, donāt FOMO. Look for opportunities around 3200 dips.
ā¢ Mid-term: A breakout above 3600 looks likely, especially with ETF inflows gaining momentum.
š This isnāt just market noise ā it could be the start of DeFi Summer 2.0.
#ETH #DeFi #GENIUSAct #CryptoStrategy #BinanceAlpha #WhaleWatching