Why is Ethereum (ETH) price up today? By Cointelegraph

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On June 6, Ethereum’s native token, Ether (ETH), rose nearly 2.25% to around $1,825, compared to its June 5 low at $1,775.

The bounce appeared synchronously with a similar move elsewhere in the crypto market. Interestingly, the move accompanied the U.S. Securities and Exchange Commission’s decision not to call Ethereum a “security” in its lawsuits against Binance and Coinbase (NASDAQ:).

ETH.D daily performance chart. Source: TradingView
daily price chart. Source: TradingView