Ethereum price surged on Tuesday as investors remained optimistic about cryptocurrencies. ETH coin jumped to a high of $1,738, the highest level since August 17th. The main catalyst for the surge was the decision by a US court to side with Grayscale in a lawsuit against the SEC. Investors hope that the SEC will move on to approve the fund together with those requested by companies like Blackrock, Vanguard, and Invesco.Analysts believe that the agency has a better chance of convincing a court about Ether being a security than in the XRP case. The 4H chart shows that the ETH price moved from a consolidation phase and made a strong bullish breakout. Most importantly, it seems like it is forming a small bullish flag pattern. Therefore, the outlook for the coin is bullish, with the next level to watch being at $1,800.BlockFi, a defunct cryptocurrency lending company, has filed a court application asking for the conversion of “trade-only” assets from its users’ accounts into stablecoins so that the users can withdraw them. The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals. The restructuring plan for BlockFi has also received the court’s conditional approval and funds from companies including Alameda Research, FTX, Three Arrows Capital, Emergent, and Core Scientific are prioritized for recovery by the corporation. Earlier on, BlockFi’s legal team attempted to thwart FTX’s attempts to recoup hundreds of millions of dollars to cover its debts.Skilling and eToro are two platforms that allow traders to buy Ethereum. Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets.Ethereum’s price surged on Tuesday as investors remained optimistic about cryptocurrencies. ETH coin jumped to a high of $1,738, the highest level since August 17th, driven by a US court decision to side with Grayscale in a lawsuit against the SEC. Investors hope that the SEC will approve the fund requested by companies like Blackrock, Vanguard, and Invesco. Analysts believe that the agency has a better chance of convincing a court about Ether being a security than in the XRP case. The 4H chart shows that the ETH price moved from a consolidation phase and made a strong bullish breakout, forming a small bullish flag pattern. Therefore, the outlook for the coin is bullish, with the next level to watch being at $1,800.BlockFi, a defunct cryptocurrency lending company, has filed a court application asking for the conversion of “trade-only” assets from its users’ accounts into stablecoins so that the users can withdraw them. The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals. The restructuring plan for BlockFi has also received the court’s conditional approval and funds from companies including Alameda Research, FTX, Three Arrows Capital, Emergent, and Core Scientific are prioritized for recovery by the corporation. Earlier on, BlockFi’s legal team attempted to thwart FTX’s attempts to recoup hundreds of millions of dollars to cover its debts.Skilling and eToro are two platforms that allow traders to buy Ethereum. Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets.

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Information	Details
Geography	North America
Countries	🇺🇸 🇯🇪
Sentiment	neutral
Relevance Score	8
People	Gary Gensler, Invesco, Grayscale, Blackrock, Vanguard
Companies	Skilling, Voyager Digital, Bitcoin Cash (BCH), Gary Gensler, Celsius Network, Algorand’s native token (ALGO), Avalanche (AVAX), FTX, eToro., Gemini Dollar (GUSD), BlockFi, Grayscale, SEC, Invesco, Solana (SOL), Alameda Research, Blackrock, Vanguard, Cardano (ADA), Dogecoin (DOGE), Beacon Chain
Currencies	Ethereum, Dogecoin, Bitcoin, Gemini Dollar
Securities	None