COINOTAG News reports that 10x Research recently revisited its stance on the Ethereum market, highlighting a year-long shift in investor sentiment. Initially skeptical about the viability of an Ethereum ETF, the firm noted that Wall Street lacked a strong narrative to engage institutional capital, coinciding with stagnant on-chain activity and a significant price decline from $4000 to $1500. However, recent market dynamics, influenced by concerns over Trump tariff relief, have catalyzed a notable price recovery for ETH.
Technically, Ethereum is nearing the apex of a large symmetrical triangle consolidation, a pattern often preceding significant price movements. Analysts suggest that a breakout could propel ETH towards the $2000 to $3000 range, contingent on either fundamental shifts or substantial buying pressure. This juncture is critical for traders and institutional investors alike, as it may signal renewed momentum in the crypto asset’s trajectory within a volatile macroeconomic environment.