Ethereum Foundation might be under SEC investigation. #ETH #TrendingTopic." #btc

Top news

● According to Fortune, the U.S. Security and Exchange Commission (SEC) subpoenaed multiple U.S. companies to gather information about the Ethereum Foundation. The move caused speculation that the regulator aims to classify ETH as a security, and may hold back ETF approval.

● Europe's new anti-money laundering (AML) regulations sparked debate in the crypto community, due to incorrect reports that the EU is set to ban anonymous crypto wallets and self-custodial payments.

ETH Price

The ETH price bounced off the 0.5 Fibonacci point and reached the middle of the Bollinger channel on a daily chart. The following Ethereum movement could depend on whether or not the asset breaks and sustains above the $3,670 area.

● Potential support levels — $3,540 and $3,360.

● Potential resistance levels — $3,670 and $3,800.