10x Research: ETH is testing the upper boundary of the triangle, and a breakout may challenge the historical high

ChainCatcher news, cryptocurrency research institution 10x Research has released a latest report stating that ETH is currently testing the upper boundary of a large triangle pattern. If the breakout is successful, the price is expected to first reach the 2024 high of $4092 and may further challenge the all-time high of $4812.

The institution stated that the prediction of Paul Atkins potentially being appointed as the next SEC chairman seems to be coming true, and it is expected that under his leadership, a more favorable regulatory environment for the cryptocurrency industry will be created.