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Ethereum Price Prediction: ETH Jumps 3% As SEC Ends Consensys Investigation And This Casino Token Races Towards $2 Million

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Ethereum Price
Ethereum Price

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The Ethereum price is up 3% in the past 24 hours to trade for $3,572 as of 00:05 a.m. EST on trading volume that dipped 8%.

The surge in the ETH price came after Consensys said the US Securities and Exchange Commission’s enforcement division is closing its investigation into Ethereum 2.0.

Consensys added that the decision meant the SEC would not be bringing charges alleging that sales of Ether are securities transactions.

According to the firm, the SEC’s decision followed a June 7 letter to the agency, with Consensys asking if the SEC would end its investigation into Ether after approving ETH  ETFs in May.

Ethereum Price Prediction

The Ethereum price is attempting a recovery after slipping below support due to the trendline of the Fibonacci indicator. However, with the 50% Fibonacci placeholder holding as support at $3,394, the market could still recover.

If buying pressure increases, the Ethereum price could reclaim support due to the trendline. However, only a candlestick close above the 78.6% Fibonacci retracement level of $3,720 would confirm the continuation of the uptrend.

In a highly bullish case, the gains could see the Ethereum price reclaim the peak of $3,964. In the very ambitious case, it could clear it to record a new range high above the aforementioned threshold.


GeckoTerminal: ETH/USD 1-day chart

On the other hand, with the lower highs on the Relative Strength Index (RSI), as well as its position below the signal line (orange band), the bears could take over the ETH market. If this happens, the Ethereum price could slip below $3,394, below which the big-picture bullish outlook would be invalidated.

Meanwhile, investors are piling into Mega Dice (DICE) as the new Solana GameFi coin races towards the $2 million mark in presale sales. According to YouTube channel 99Bitcoins, DICE has the potential to 100X at launch.

Promising Alternative To Ethereum

DICE is the powering token for the Mega Dice ecosystem, a Solana-based online casino that rewards players with crypto. The platform allows users to play games, bet on sports, and earn rewards using their native token, $DICE.

The Mega Dice platform has been a sensation since its launch in 2023 and is still one of the most popular crypto-oriented online casino and betting platforms. With the launch of the new crypto ICO, the project is set to extend its offerings.

The project is the first GambleFi project on the Solana blockchain, and it aims to challenge the casino sector titan Rollbit Coin.

The platform already has a user base exceeding 50,000 and 10,000 active players, who wager about $50 million every month. It offers over 4000 games from top providers and over 50 sports and eSports.

Investors can also earn through the platform’s staking option, with 10% of tokens set aside for this purpose.

If you would like to join the presale, you can buy $DICE on the official website for $0.075 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.

Visit and buy Mega Dice here.

Also Read:

Mega Dice - Newest GambleFi Token


Mega Dice
  • Established Crypto Betting Brand
  • Featured In Cointelegraph - First Licensed Telegram Casino
  • Presale Live Now -
Mega Dice

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