Crypto analysts expect significant ETH volatility during April

BestChange
2 min readApr 2, 2024

The SEC recently initiated an investigation into the Ethereum Foundation. The regulator saw signs of a security in ETH. However, market participants do not agree with this.

Coinbase CFO Alecia Haas does not consider ETH a security. She is confident that the Ethereum blockchain is an effective platform for creating decentralized applications, and it’s time for the SEC to develop clear rules for crypto projects.

“Ethereum is not a security. Historically, the SEC has repeatedly stated that Ether is not a security. The CFTC has said that Ether is not a security. The main problem here we still don’t have full crypto regulation at the federal level in the United States. And it’s something we feel passionately about. Getting regulatory clarity is critical to ensuring we have a clear, fair, enforceable regulatory framework that protects consumers and ensures responsible marketplaces, as well as businesses like Coinbase, so we know how to continue to innovate and develop products that are right for the market. here in America.,” Haas said.

StormGain representative Dmitry Noskov believes that pressure on ETH from the SEC will continue in the near future, which will negatively affect the price movement of the digital asset. The expert attributes the regulator’s claims to the reluctance to approve the launch of spot ETFs based on ether.

EMCD Business Development Director Evgeniy Kitkin believes that April of this year will be a period of high Ethereum volatility against the backdrop of the BTC halving. He did not rule out fluctuations in the ETH rate in the fork of $3,800–4,500. In the event of increased pressure from the regulator, the expert predicts a drop in the price of ETH to $3,000.

Bitget analyst Ryan Lee also expects Ethereum volatility to increase. His forecast for mid-spring of this year does not exclude fluctuations in the ETH rate around $3,300–4,800.

Previously, Vitalik Buterin stated that the next 5 yeas are “crucial” for the large-scale distribution of Ethereum and its adoption by the “real world.”

“Historically, Ethereum has not had those things, but, over the next five years, Ethereum will start to have those thing

We’re already seeing Layer 2s… starting to get there… I expect Ethereum to be a very leading player in helping to make stablecoin accessible to people in a way that actually is open, actually is decentralized, and actually doesn’t require trusting fragile third-parties,” said the Ethereum co-founder.

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