Ethereum might be on the verge of a "tactical breakout." This comes after the U.S. Securities and Exchange Commission (SEC) decided to revoke a controversial accounting rule. A crypto analyst is highlighting this potential shift.

The SEC's move to eliminate Staff Accounting Bulletin (SAB) 121 is significant. This rule required financial firms to treat cryptocurrencies as liabilities on their balance sheets. Many in the crypto industry have long sought its repeal. Now, it seems they may finally get what they wanted.

Markus Thielen, head of research at 10x Research, believes this could be a turning point for Ethereum. He says it might drive the growth of decentralized finance (DeFi) services. This positions Ethereum as a key player in the ecosystem.

Thielen usually doesn't favor Ether (ETH), but he sees a "low-risk, high-reward opportunity" in its current price chart. Right now, ETH is trading at around $3,325. Earlier this month, it hit a high of $3,707. However, it has since dipped below $3,500 and hasn't bounced back yet.

Thielen suggests that ETH could break above its current triangle pattern. He recommends setting a stop-loss near the recent low of $3,186 to manage risk.

In a recent post on X, a trader known as Titan of Crypto claimed that a $7,000 price for Ether is "inevitable." Another trader, Crypto Caesar, mentioned that ETH "will explode soon." These predictions certainly catch the eye.

Joseph Lubin, co-founder of Ethereum and founder of Consensys, shared his thoughts on factors that might influence Ether's price. He noted that Ether exchange-traded fund (ETF) issuers are hopeful for regulatory approval on funds that offer ETH staking. This could open new doors for investors.

Lubin also hinted at potential involvement from the Trump family in the crypto space. He mentioned, "Based on what I know, the Trump family will build one or more giant businesses on Ethereum." This could bring more attention to the platform.

Remember, this article does not offer investment advice. Every investment carries risks, so it's essential to do your own research before making any decisions.