📉 Ether (ETH) returned to the $3,500 mark after a slight rise in price caused by Consensys' announcement that it was dropping an SEC investigation into whether ETH is a security.

• Consensys reported that "the SEC's Department of Enforcement has notified us that it has closed its investigation into Ethereum 2.0."

• 20 minutes after this message, the Ethereum rate jumped by 1.4% to $3541, breaking the critical level of $3500.

• This level was key for traders as Ether often fluctuated above and below this level.

• The rise following Consensys' announcement suggests increased investor confidence, which could ease recent concerns about potential securities law violations.

• “This means that the SEC will not pursue charges that ETH sales constitute securities transactions,” Consenys added.

• Following the announcement, Ethereum whales showed confidence, with analytics firm Lookonchain reporting a whale's purchase of 5,603 ETH, valued at approximately $19.6 million.

• This comes a month after the SEC approved exchange traded funds (ETFs) for Ethereum in the US.