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

Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $2K
Ethereum

Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $2K

May 30, 2023
Ethereum Price Analysis: ETH Eyes Upside Break Above $1,920
Ethereum

Ethereum Price Analysis: ETH Eyes Upside Break Above $1,920

May 30, 2023
Ethereum ICO Participant Resurfaces and Transfers 8,000 $ETH After it Appreciated Nearly 600,000%
Ethereum

Ethereum ICO Participant Resurfaces and Transfers 8,000 $ETH After it Appreciated Nearly 600,000%

May 29, 2023
Ethereum and Lido Finance Dominate Revenue Generation as Prices Soar
Ethereum

Ethereum and Lido Finance Dominate Revenue Generation as Prices Soar

May 29, 2023
Ethereum Price Analysis: $ETH Price out of Market Correction Sets Recovery to $2000 
Ethereum

Ethereum Price Analysis: $ETH Price out of Market Correction Sets Recovery to $2000 

May 29, 2023
Ethereum Whales Are Taking Profits as ETH Hits $1,904
Ethereum

Ethereum Whales Are Taking Profits as ETH Hits $1,904

May 29, 2023
Ethereum Correction: Key Level Break Can Shift Price Course
Ethereum

Ethereum Correction: Key Level Break Can Shift Price Course

May 29, 2023
DVT, The Important Key To Open The Decentralized Ethereum Staking Ecosystem
Ethereum

DVT, The Important Key To Open The Decentralized Ethereum Staking Ecosystem

May 29, 2023
Ethereum Price Gearing For Another Lift-Off to $2K: Recovery Isn’t Over Yet
Ethereum

Ethereum Price Gearing For Another Lift-Off to $2K: Recovery Isn’t Over Yet

May 29, 2023

Discussion about this post

Latest News

China growth outlook upgraded – TDS

USD/CNH now focuses on 7.0500 – UOB

May 30, 2023
Moderna loses bid to shift liability in COVID-19 vaccine patent case

France inaugurates first of four gigafactories in the north

May 30, 2023
Stocks to Watch: Aehr Test Systems, Roku, Cingulate

Toronto Stocks Firmer to Start Week

May 30, 2023
Major Bitcoin Whales Abandoning Crypto Exchanges

Major Bitcoin Whales Abandoning Crypto Exchanges

May 30, 2023
Sell Alert: Top Crypto Tokens To Unlock In June

Sell Alert: Top Crypto Tokens To Unlock In June

May 30, 2023
ADVERTISEMENT

Popular

  • EU states back ban on destruction of unsold clothing

    EU states back ban on destruction of unsold clothing

    0 shares
    Share 0 Tweet 0
  • USD/CAD Price Analysis: Bears target a move to test 1.3570

    0 shares
    Share 0 Tweet 0
  • PBOC sets USD/CNY reference rate at 7.0575 vs. 7.0760 previous

    0 shares
    Share 0 Tweet 0
  • A stagflationary environment in the US and the Eurozone – Natixis

    0 shares
    Share 0 Tweet 0
  • Crude Oil Futures: Further upside in the pipeline near term

    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

  • USD/CNH now focuses on 7.0500 – UOB
  • France inaugurates first of four gigafactories in the north
  • Toronto Stocks Firmer to Start Week

Trending Topics

Altcoin Analysis Bitcoin Blockchain Commodities Crypto DeFi Ethereum Forex Futures GameFi ICO 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.