$ETH Ethereum price today: $2,780
Ethereum briefly rose above $2,820 following the bullish outlook of SEC Chair, Atkins, on DeFi regulation.
Ethereum's funding rates, staking balances, and ETF flows have increased, reflecting strong buying pressure from investors.
ETH could break the resistance of $2,850 and rise to $3,250 if it maintains the 200-day SMA as support.
Ethereum (ETH) has risen 3% in the early Asian session on Wednesday, as the bullish sentiment from SEC Chair Paul Atkins' statement on decentralized finance (DeFi) regulation continues to drive the price of the leading altcoin upward.