Ethereum to soar toward $5,000 despite SEC regulatory review
As the larger part of the cryptocurrency sector starts to return to its previous bullish trend, Ethereum (ETH) has been among the trendsetters, showing signs of more impressive gains in the future de spite the increased regulatory compliance scrutiny from the United States Securities and Exchange Commission (SEC). Indeed, Ethereum holding the area at above $3,500 could help it skyrocket to $5,000 and more “soon enough,” de spite the “classic ‘vaguely worded [fear, doubt, uncertainty, or] FUD’ while at support, according to an X post by pseudonymous crypto analyst CryptoJelleNL published on March 21. Ethereum price action analysis. Source: CryptoJelleNL Ethereum price prediction amid scrutiny As it happens, the crypto market expert was referring to the negative sentiment amid recent reports that suggest the SEC is looking to classify the native token of the popular Proof-of-Stake (PoS) network as a security, according to the US companies that have received subpoenas related to a...