$ETH
Ethereum back above $3.5K
ETH jumped slightly and again broke $3,500 in the minutes after Consensys reported the SEC had dropped its investigation into Ethereum.
ETH
tickers down
$3,562
is back above $3,500, having seen a slight price bump after Consensys said the United States Securities and Exchange Commission is ending its investigation into whether ETH is a security.
ETH traded at $3,493 up until the company posted to X on June 19 that the SEC will be shutting its probe — which is “huge for the space,” according to crypto commentators.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Consensys wrote.
Within 20 minutes, Ether jumped around 1.4% to $3,541 — breaking its critical and closely watched $3,500 level, according to CoinMarketCap data. At the time of publication, it is trading at $3,531.
The $3,500 level has been crucial for traders, as Ether has frequently moved above and below the mark. Over the past 30 days, it has been a key support level.
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