Ethereum price rises to $1,500 as CFTC chairman declares BTC and ETH as commodities

• Ethereum noted such bullishness for the first time in more than a month, rising by over 14%.
• The push in prices helped ETH close above the short-term resistance line, flipping it into support.
• CFTC chairman Rostin Behnam continues to label ETH as a commodity, while SEC sticks to calling it a security.

For the first time in weeks, the crypto market did well for itself, adding over $40 billion to market capitalization within 24 hours. Many cryptocurrencies joined the…