10x Research: ETH Showing More Resilience Than Expected, Approaching Key Technical Pattern Apex

BlockBeats News, June 5th. 10x Research published an article stating, "A year ago, when the market was enthusiastic about the launch of an Ethereum ETF, we took a relatively pessimistic contrarian stance. At that time, Wall Street had not found a compelling marketing narrative to attract institutional investors to such a product, and on-chain activity on the Ethereum network was basically stagnant. ETH dropped from $4000 to $1500.

Today, as the market warms up against the backdrop of 'Trump tariff relief concerns,' the Ethereum price has also rebounded. Although we expected a pullback a few days ago, the actual trend has proven to be much more resilient than anticipated. From a technical perspective, Ethereum is approaching the apex of a large symmetrical triangle consolidation structure, with a potential breakout direction that could push the price to $2000 or $3000. This trend will be very crucial, possibly triggered by a fundamental change or just the entry of a large buyer."