Ethereum

Rally

2024

<ul class="news-points"> 
 <li>Ethereum’s bearish phase may end from the SEC’s favorable decision.</li> 
 <li>SEC closed investigation into Ethereum 2.0.</li> 
 <li>Analyst CrediBULL predicts Ethereum could reach $6,600.</li> 
</ul> 
Ethereum’s (ETH) price has plummeted from a weekly high of over $3,600 to $3,374, but market analysts believe the cryptocurrency’s bearish phase may be nearing its end from the most recent regulatory developments. 
Crypto analyst and educator, CrediBULL, expressed a strong bullish sentiment for ETH in a recent post on X (formerly Twitter). The analyst noted that recent price actions have solidified his confidence that the lower price region identified in his original chart analysis is now irrelevant. 
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 With developing PA, now confident enough to say I think the lower region from my original chart is out of play. The SEC backing off <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> is likely the nail in the coffin for bears here. I think our green region here holds and <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> looks good for new ATH. <a href="https://t.co/GA6aIc1MB9" target="_blank" rel="nofollow">https://t.co/GA6aIc1MB9</a> <a href="https://t.co/bHVfJMlcPB" target="_blank" rel="nofollow">pic.twitter.com/bHVfJMlcPB</a>— CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1803250439527219359?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 19, 2024</a>
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CrediBULL highlighted the significant impact of the U.S. Securities and Exchange Commission <a href="https://coinedition.com/sec-backs-down-on-ethereum-but-consensys-isnt-backing-out/">easing its scrutiny</a> on Ethereum. Earlier in the d…
The post <a href="https://coinedition.com/ethereum-rally-anticipated-as-regulatory-concerns-ease/">Ethereum Rally Anticipated as Regulatory Concerns Ease</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum Rally Anticipated as Regulatory Concerns Ease

Coin Edition

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