Why Ethereum Now Offers A 20% Tactical Gain: 10x Research

A report on Friday indicated a potential tactical trading opportunity in Ethereum (CRYPTO: ETH), targeting a 20% gain with a prudent 5% stop-loss.

What Happened: 10x Research believes that a combination of supportive policies, increased stablecoin inflows, and a technical breakout pattern make Ethereum a compelling short-term play, despite their skepticism about its long-term prospects.

According to the report, the repeal of SAB 121, an accounting bulletin that previously discouraged banks from offering crypto services, is a key factor.

“With the repeal of this guidance, banks may now be more willing to serve crypto …

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