$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 at $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 bullish sentiment from the statement of SEC Chair, Paul Atkins, regarding the regulation of decentralized finance (DeFi) continues to drive the price of the leading altcoin higher.