10x Research: ETH is testing the upper boundary of the triangle, and it is expected to challenge a new historical high after breaking through

The cryptocurrency research institute, 10x Research, released a new report stating that ETH is currently testing the upper boundary of a large triangle pattern. If it successfully breaks through, the price is expected to first reach the 2024 high point of $4092 and may further challenge the historical high point of $4812.

The institute stated that predictions about Paul Atkins possibly being appointed as the next SEC chairman seem to be becoming reality. It is anticipated that under his leadership, a more friendly regulatory environment will be created for the crypto industry.