The cryptocurrency universe is in turmoil. #SEC 's recent decision to abandon its investigation into #ETHEREUM (ETH) has brought a wave of optimism to the market. Investors see this news as a promising sign for the future of #Ethereum(ETH) and #altcoin . So, what are the implications of this decision for the price of ETH and other cryptocurrencies? The SEC's decision to stop investigating Ethereum is a win for the network. For a long time, the classification of ETH as a security was a dark cloud hanging over the heads of investors and developers. This investigation has weighed heavily on the ecosystem, creating uncertainty and mistrust. By removing this sword of Damocles, the SEC has paved the way for greater adoption of ETH. Laura Brookover, an attorney at Consensys, said cryptocurrency markets “will no longer see protests from the SEC claiming ETH is a security.”

This legal clarification offers a breath of fresh air to investors, allowing them to focus on growth opportunities rather than regulatory risks.

However, it is important to note that this decision is not a forever guarantee. As University of Arkansas professor Carol Goforth points out, this simply means that the SEC is not pursuing its own investigation for now. However, this suspension is perceived as a positive sign and the future seems clearer for ETH. Analysts expect a significant increase in the price of ETH in the coming months. Conor O'Neill, community manager at Blockcircle, said that "the major regulatory hurdle" for Ethereum has been removed, paving the way for substantial growth.

Additionally, the early launch of spot exchange-traded funds (ETFs) for ETH in July is another factor that could push the price of ETH. The introduction of these ETFs will likely attract an influx of traditional capital, increasing the demand for ETH and, consequently, its price.

However, it is prudent to expect some short-term volatility, similar to what was seen during the approval of Bitcoin ETFs.

The positive effects of the SEC's decision are not limited to ETH. Altcoins, especially those with similar characteristics to Ethereum, could also benefit from this news. Investors often see ETH's success as a barometer for the altcoin market. Therefore, an increase in ETH could lead to an increase in altcoin prices.#DeFi