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
