The SEC regulatory inquiry will not stop Ethereum from soaring toward $5,000.

Even though the cryptocurrency industry as a whole is beginning to see a reversal of its bearish trend, Ethereum (ETH) is leading the pack and predicting even more spectacular gains down the road, all while facing increased regulatory compliance scrutiny from the SEC.

According to an X post made on March 21 by pseudonymous crypto researcher CryptoJelleNL, if Ethereum can maintain its support area at over $3,500, it has the potential to surge to $5,000 and beyond "soon enough," even if there has been "classic 'vaguely worded [fear, doubt, uncertainty, or] FUD" while at support.

Interestingly, the crypto market expert was alluding to the pessimism surrounding recent rumors that the SEC is considering labeling the native token of the widely used Proof-of-Stake (PoS) network as a security. This is in accordance with the US companies that have been served subpoenas in connection with an ongoing investigation.

As part of its inquiry, the SEC has asked the aforementioned businesses to turn over any financial documents and data it may have pertaining to their transactions with the Ethereum Foundation, the nonprofit group responsible for the blockchain's administration and development.

Thus, according to CryptoJelleNL, the gloom is due solely to the "vaguely worded FUD" surrounding regulatory compliance concerns, and Ethereum will press on regardless, reaching the psychologically important $5,000 ATH and probably beyond.

Additionally, AI platforms anticipate positive developments for the cryptocurrency with the greatest market cap, Ethereum, forecasting that its price will conclude the year in the $3,500 to $6,770 range and even greater movements in 2025.

As of the time of writing, the price of Ethereum was $3,540.60, representing a daily gain of 6.97%. This price move comes as Ethereum is making up for a loss of 10.66% over the last week and is also up 20.59% on its monthly chart, according to the most recent data gathered on March 21.

#ETH #HotTrends #etf $ETH