Analysts Reveal What Will Drive Ethereum Price Above $4K

Cryptocurrency analysts announced two developments that are rallying the Ethereum (ETH) price.

According to CoinGecko data, the Ethereum (ETH) price, which fell below $3,400 for a short time this week, rose above $3,600 again.

Investigation has been terminated

According to QCP analysts, the rise in Ethereum price was caused by two developments. The first was that the US Securities and Exchange Commission (SEC) was coming to the end of its investigation into Ethereum 2.0.

This puts an end to claims that Ethereum sales have security status. MetaMask's developer company, Consensys, made a statement regarding the issue: "Ethereum survived the SEC."