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."
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