Ethereum uncertainty prevails, ETH products see inflows as SEC Chair waives off ETH classification question

Ethereum products record inflows for first time in nearly two months, according to CoinShares. SEC Chair Glenser says several crypto assets are securities as he waives off ETH classificationquestion. Ethereum could sustain horizontal movement in the coming weeks. The Securities & Exchange Commission’s Chair Gary Gensler has also called most crypto assets securities following a Wells Notice targeted at ETH-related firms.

ETH technical analysis: ETH to begin sideways movement again Ethereum is looking to resume a sideways movement again on Tuesday after failing to stay above the $3,161 resistance. Read more: Ethereum to break out of bearish move, ETH ETFs unlikely in 2024 ETH/USDT 4-hour chart ETH's current price action suggests the popular altcoin would likely follow a horizontal pattern — but more tilted towards shorts — amid uncertainty among traders.

Source: Digital Coin News (digitalcoinnews.net)

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