10x Research: ETH trend is more resilient than expected, approaching the peak of key technological forms

BlockBeats news, on June 5th, 10x Research published an article stating that "a year ago, when the market was enthusiastic about the launch of Ethereum ETFs, we took a relatively pessimistic reverse stance. At that time, Wall Street did not find a convincing marketing narrative for such products to attract institutional investors, and on chain activities on the Ethereum network were basically stagnant. ETH fell from $4000 to $1500. Now, as the market rebounds against the backdrop of "easing concerns over Trump tariffs," Ethereum prices have also rebounded. Although we anticipated a pullback a few days ago, the actual trend is much more resilient than expected. From a technical perspective, Ethereum is approaching the apex of a large triangular structure, with the ultimate breakthrough direction potentially pushing the price towards $2000 or $3000. This trend will be crucial and may be triggered by fundamental changes or simply the entry of a large buyer