Ethereum (ETH) continues its rise despite increasing pressures lately.
Lately Ethereum has found itself in the firing line, especially from the U.S. Securities and Exchange Commission (SEC) recently launched an investigation into the Ethereum Foundation based in Switzerland, bringing securities and commodities debates to the surface once again.
In addition, the SEC’s indifferent and secretive attitude towards major financial institutions seeking to issue a spot Ethereum ETF has quickly reduced the likelihood of approval in May.
Following the completion of the Dencun upgrade last week, Ethereum, which lost its balance with the bad news and experienced turbulent days, said “I’m still here” with the rise it displayed in the last 24 hours.
According to CoinGecko data, Ethereum, which lit a strong green candle in the upward direction on March 20, managed to gain 15% in value within the last 24 hours. Ethereum, which dropped to $3,107, reached $3,551 with its latest rise.
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