Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Can Ethereum fall any further to $4,000? ETH Holders, SEC Investigation…
ALTCOIN NEWS

Can Ethereum fall any further to $4,000? ETH Holders, SEC Investigation…

By Crypto FlexsMarch 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can Ethereum fall any further to ,000?  ETH Holders, SEC Investigation…
Share
Facebook Twitter LinkedIn Pinterest Email
  • It has been reported that the U.S. SEC is investigating the operations of the Ethereum Foundation.
  • Despite regulatory developments, the price of ETH has remained relatively unwavering.

Ethereum (ETH) has been facing tremendous volatility over the past few days, which can be partially attributed to its correlation with Bitcoin (BTC). Recent events may further amplify the volatility that ETH has been facing.

face a problem

According to recent reports, the SEC has begun legal initiatives to potentially classify Ethereum as a security.

The regulator has issued subpoenas to several companies as part of its investigation into Ethereum, focusing in particular on its relationship with the Ethereum Foundation, the organization that oversees blockchain development.

The investigation comes after Ethereum switched from a proof-of-work to a proof-of-stake consensus mechanism, and the SEC will be looking into the implications.

Despite this news, the price of ETH was not affected. In a surprising turnaround, ETH price surged 11.63% in the last 24 hours.

During this period, the price of ETH exceeded $3,500, causing several short positions to be liquidated. Approximately $48.9 million worth of short positions were liquidated in the last 24 hours.

At press time, ETH was trading at $3,492.85.

Source: Coinglass

ETH price has tested the $3,555 resistance several times over the past few days. If ETH price regains momentum and retests the $3555 resistance, it could break this level in the future and reach the $4000 level in the future.

However, looking at the larger trends that have emerged over the past few weeks, the price of ETH has made several lows and highs, and the recent price surge has not been large enough to represent a trend reversal.

If the price continues its downward trend, it may fall to the $3.137 support level. ETH price action over the next few days will be pivotal for traders as it will determine the larger trend that ETH will soon follow.

Source: Trading View


How much is 1,10,100 ETH worth today?


Moreover, ETH has witnessed a significant increase in network growth. This suggested that new addresses were showing interest in ETH. Rising interest in new addresses could give ETH’s bullish momentum a further boost.

Additionally, the speed of ETH has also increased, indicating that ETH transfers are becoming more frequent.

Source: Santiment

Previous: Ethereum ETF’s ‘25% Chance’ – The SEC Wants to Do It ‘Right’, but at What Cost?

Next: 3x ‘hike’ on Solana by Memecoin mania is just a ‘stress test’ – co-founder

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025
Most Popular

Outages, TPS misunderstandings, etc.

October 6, 2024

HKMA and SAMA strengthen financial ties between Hong Kong and Saudi Arabia

December 7, 2024

Is Ethereum set for a comeback after $37 million rejection? According to the metrics…

April 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.