Ethereum seems stable and touches its Milestone

The price of Ethereum isn’t just near an all-time high. It’s stayed high all month as the network rides rising use of decentralized finance (DeFi) applications. the price of Ethereum closed at $1,042. On January 29, it closed at $1,380. In between it never closed below the $1,000 mark.

As Ethereum researcher Ethereum researcher Evan Van Ness noted, using data from Messari, those 26 consecutive days are something of a milestone. “Until this year, $ETH had closed above $1000 on only 25 non-consecutive days in 2018,” he tweeted. (Emphasis added.)

“The SEC has clearly picked two winners and ignored a growing and robust industry that is much larger than Bitcoin and Ether. In addition to discovery we will seek directly in the lawsuit, we filed a Freedom of Information Act (FOIA) request for more information about how the SEC determined the status of Ether as a non-security.”

The FOIA request also seems to use the constant fear of US institutions regarding Chinese control of digital and other assets, hinting that China-based Bitcoin and Ethereum mining pools could mean that Ethereum is as controlled by one party as XRP is by Ripple.

News Source from Decrypt.co