Block Journal
No Result
View All Result
  • Login
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianopt Portuguêsru Русскийes Españolth ไทยzh-CN 简体中文hi हिन्दीja 日本語
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine
Magazine
Newsletter
  • Trending Now
  • Bitcoin
  • Altcoin
  • Ethereum
  • Analysis
  • Blockchain
  • Metaverse
  • NFT
  • DeFi
  • Web3
  • GameFi
  • ICO
  • Legal
  • Security
Block Journal
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianopt Portuguêsru Русскийes Españolth ไทยzh-CN 简体中文hi हिन्दीja 日本語
No Result
View All Result
Block Journal
No Result
View All Result
  • News
  • Crypto
  • Markets
  • Investing
  • Videos
  • Charts
Home Crypto Ethereum

Ethereum: quotation is still colored of red

News Room by News Room
March 12, 2023
in Ethereum
Reading Time: 3 mins read
0 0
A A
0

en.cryptonomist.ch

09 March 2023 14:16, UTC

  

Reading time: ~3 m

Ethereum has been recording a continuously declining price since 20 February, but the trend may soon change.

Ethereum’s price persists in the downward channel but for most analysts it seems ready to recover with momentum.

  • Current price and possible future trends of Ethereum (ETH)
  • The SEC: the never-ending battle between commodities and securities

Current price and possible future trends of Ethereum (ETH)

In the past twenty days, Ethereum has gone from €1592.87 on Monday, 20 February to the current €1450.87 today.

The downward parabola is confirmed again today with the currency losing 0.10% (€1.43) in the 24 hours.

In the last week alone, the price of ETH has left 1.37% on the field.

Despite this negative period, almost all experts agree that there will be great satisfaction for investors in the future of crypto.

February proved to be good for ETH which at the end of the month was quoted at €1650, even the ETH/BTC trading pair indicates that Vitalik Buterin‘s currency is winning.

The consensus view is that Ethereum will outperform Bitcoin as it has steadily held up the descending channel that began in late October.

Usually this kind of situation leads to a sudden change in direction.

The US Securities and Exchange Commission is back to pontificating on the crypto world and, as is often the case, it is doing so through its chairman.

Gary Gensler, The head of the US regulator, interviewed by NYMAG, returned to the crypto topic explaining what he had already stated a month ago.

For Gensler, Ethereum would essentially be a financial product/instrument like so many others and as such is under the aegis and rules of the SEC.

The SEC: the never-ending battle between commodities and securities

The SEC’s chairman does not mention Buterin’s creature directly, but talks about the role of Bitcoin and everything else that is not BTC.

For the high-ranking US official, only Bitcoin can boast the title of commodity, while all other cryptocurrencies or nearly all would fall under the SEC’s jurisdiction.

“Anything outside of Bitcoin…You can find a website, you can find a group of entrepreneurs who may also have set up companies in offshore tax havens, they may have a foundation, they may be doing legal arbitrage and […] Underneath these tokens they’re securities because there’s a group in the middle and the public expects profits based on that group.”

Apparently Gary Gensler does not leave crypto much of a way out and in his words is a clear desire to bring order to the industry.

The much-feared season of sprawling regulation may see the light of day soon if the SEC gives substance to its words.

However, it is not only the SEC that is in the news for Ethereum; once again the updates, aka Forks, are on the agenda.

Just a few months after Ethereum’s Merge, the currently most awaited update is the Shanghai update, which for now has been postponed until April.

The next ones will be those related to the Goerli testnet and Ethereum mainnet, but at the moment there are no official dates.

Read the full article here

ShareTweetSharePinShareShareSend

Related News

ARAX Holdings acquires 20% stake in the Nemesis’ blockchain-based metaverse
Ethereum

ARAX Holdings acquires 20% stake in the Nemesis’ blockchain-based metaverse

December 5, 2023
SEC Delays Grayscale’s Ethereum Spot ETF Application
Ethereum

SEC Delays Grayscale’s Ethereum Spot ETF Application

December 5, 2023
Ethereum Price Prediction As $ETH Exits 19-Month Channel to Pursue $3400
Ethereum

Ethereum Price Prediction As $ETH Exits 19-Month Channel to Pursue $3400

December 5, 2023
Ethereum (ETH) Indicators Signal Imminent Price Rally: Details
Ethereum

Ethereum (ETH) Indicators Signal Imminent Price Rally: Details

December 5, 2023
Top Trader Says One Low-Cap Altcoin About To ‘Send Through the Roof,’ Predicts Capital Flows Back to Ethereum
Ethereum

Top Trader Says One Low-Cap Altcoin About To ‘Send Through the Roof,’ Predicts Capital Flows Back to Ethereum

December 5, 2023
Ethereum (ETH) on Verge of Massive Surge, Unusual Market Data Shows
Ethereum

Ethereum (ETH) on Verge of Massive Surge, Unusual Market Data Shows

December 5, 2023
DigiFT becomes Singapore’s first regulated public blockchain exchange for asset tokenization
Ethereum

DigiFT becomes Singapore’s first regulated public blockchain exchange for asset tokenization

December 5, 2023
ETH’s Current Price Is “Hilarious”, but Whale Still Cashes Out
Ethereum

ETH’s Current Price Is “Hilarious”, but Whale Still Cashes Out

December 5, 2023
Time for Ethereum To Finally Have Moment in the Sun As ETH Breaks Out of 530-Day Range, Says Top Trader
Ethereum

Time for Ethereum To Finally Have Moment in the Sun As ETH Breaks Out of 530-Day Range, Says Top Trader

December 5, 2023

Discussion about this post

Latest News

Shopify Stock Doubled This Year. Here’s How the Company Plans to Keep Growing.

Shopify Stock Doubled This Year. Here’s How the Company Plans to Keep Growing.

December 6, 2023
Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

December 6, 2023
Will He or Won’t He? Elon Musk’s X, Crypto Integration and DOGE

Will He or Won’t He? Elon Musk’s X, Crypto Integration and DOGE

December 6, 2023
Hedge Fund Predicts Stacks (STX) As Best Altcoin In Upcoming Months

Hedge Fund Predicts Stacks (STX) As Best Altcoin In Upcoming Months

December 6, 2023
Types And How To Avoid Them

Types And How To Avoid Them

December 6, 2023
ADVERTISEMENT

Popular

  • Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

    Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

    0 shares
    Share 0 Tweet 0
  • Pro Research: Wall Street dives into Amgen’s strategic shifts

    0 shares
    Share 0 Tweet 0
  • Tesla’s Cybertruck feels like an SUV; price, lower driving range upset some

    0 shares
    Share 0 Tweet 0
  • Tesla Cybertruck’s Delayed Impact: Analysts Skeptical About Short-Term Gains

    0 shares
    Share 0 Tweet 0
  • This week in EVs: Tesla holds Cybertruck launch event | Pro Recap

    0 shares
    Share 0 Tweet 0
Block Journal

Block Journal is the world’s leading source in blockchain news and updates. Follow us to stay up-to-date with all you need to know in web3.

LEARN MORE »

Recent Posts

  • Shopify Stock Doubled This Year. Here’s How the Company Plans to Keep Growing.
  • Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge
  • Will He or Won’t He? Elon Musk’s X, Crypto Integration and DOGE

Trending Topics

AI Altcoin Analysis Bitcoin Blockchain Commodities Crypto DeFi Ethereum Forex Futures GameFi ICO Interview Investing Legal Markets Metaverse News NFT Security Stocks Uncategorized Videos Web3

Get Informed

The most important crypto and finance news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • About
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Copyright © 2023 Block Journal - Created by Sawah Solutions.

No Result
View All Result
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine

Copyright © 2023 Block Journal - Created by Sawah Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.