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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed down 41.31 points, with both the S&P 500 and Nasdaq also declining.
U.S. stocks closed lower with all three major indexes down, while Tesla rose 3.5%
Data: FIS rises over 28%, CTK and others experience a surge followed by a pullback
Analyst: Bitcoin Remains Highly Volatile Between $85,000 and $94,000
Trending news
MoreCrypto prices
More
