As the larger part of the cryptocurrency sector starts to return to its previous bullish trend, Ethereum (ETH) has been among the trendsetters, showing signs of more impressive gains in the future despite the increased regulatory compliance scrutiny from the United States Securities and Exchange Commission (SEC).
Indeed, Ethereum holding the area at above $3,500 could help it skyrocket to $5,000 and more “soon enough,” despite the “classic ‘vaguely worded [fear, doubt, uncertainty, or] FUD’ while at support, according to an X post by pseudonymous crypto analyst CryptoJelleNL published on March 21.
Ethereum price action analysis. Source: CryptoJelleNL
Ethereum price 30-day chart. Source: Finbold
In conclusion, Ethereum price has demonstrated strength in the face of the potentially bad news, but the situation in the crypto sector could nonetheless change, which is why it is important to stay on top of any Ethereum news and carry out careful risk analysis before investing in it.
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