Ethereum course reacts positively to Ripple victory against SEC: Can the ether token be seen as securities?
Ethereum course reacts positively to Ripple victory against SEC: Can the ether token be seen as securities?
Title: Ethereum course increases over $ 2,000 after Ripple-Sec victory: Could an increase to $ 4,000?
The Ethereum course has responded positively to the victory of Ripple against the US stock exchange supervision SEC in the past few days and has increased over the $ 2,000 mark. Ripple's victory could have created an important precedent that Ethereum could also benefit from. If the ether token is not classified as security under US law, this could increase the Ethereum course and create a positive view for the future.
In the past few weeks, the Ethereum course has been in between $ 1,850 and $ 1,900, but with the Ripple victory the course rose slightly again. From $ 1,880, the Ethereum course rose briefly over the $ 2,000 mark. However, after about 24 hours there was a correction before the course climbed slightly again.
The increase in the Ethereum course over $ 2,000 was triggered primarily by the victory of Ripple against the SEC. Overall, this led to an increase in Altcoin courses, including Ethereum. In the past, the SEC was hard against Altcoin projects, which led to losses in various coins. There were even rumors that the SEC Ethereum could accuse the ether token as a security, which would have led to further losses.
The current increase in Ethereum Course could be a harbinger of a stronger bullrun in the coming weeks and months. With an optimal course of the course, the Ethereum course could even increase to $ 4,000 by the end of the year. But it is important to take a critical look at the situation. The judgment in the Ripple case is not yet final and could be lifted in a revision. In addition, the court referred to the institutional edition of the XRP coin as illegal securities trading, which led to a flattening of the course explosion.
Nevertheless, we are optimistic for the Ethereum course and see a course of $ 3,000 by the end of the year. An increase to $ 4,000 could only be achieved after the next Bitcoin Halving.
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Source: gocharting.com