Prominent crypto analyst Jelle recently highlighted signs of an impending Ethereum rally. In a post on X, Jelle noted that ETH has broken out from a falling wedge and turned key areas into support. He mentioned that Ethereum is aiming for $4,000, with the potential to reach a new all-time high.

Currently, ETH is trading at $3,900, down 0.56% in the last 24 hours. The recent price increase and optimistic outlook for Ethereum are largely due to the SEC's approval of Ethereum spot ETFs.

This approval is expected to attract significant institutional investment, providing a new way for both institutional and retail investors to gain exposure to Ethereum. This development is anticipated to boost market demand and liquidity, supporting a continued price rise.

In another update, @cb_doge, also known as “DogeDesigner,” issued a crucial reminder about Tesla and cryptocurrency. Due to frequent misinformation spread by scammers, DogeDesigner reminded the community that Tesla only accepts Dogecoin as a digital payment. DOGE enthusiasts responded positively, with hopes that they might eventually be able to buy not just Tesla merchandise but also electric cars and other items with DOGE.

Tesla began accepting DOGE for merchandise in January 2022, and a few months later, SpaceX followed suit. In May of this year, Tesla officially added Dogecoin as a payment option on its website.

Read more on U.Today https://u.today/3-key-factors-for-shiba-inu-to-watch-this-week-ethereum-rally-imminent-says-analyst-crucial-doge