TechFlow, Sept 30 — Matrixport released a chart today stating, "Ethereum has stabilized at the upper boundary of its long-term rising triangle and started to rebound. This current movement has entered a critical observation period—whether this is another false breakout or the beginning of a new upward trend remains to be confirmed.
Looking back at previous false breakouts, downward momentum was generally limited, followed by swift price recoveries. The current pattern shows similar characteristics, suggesting investors should watch for the possibility of a rapid rebound.
Overall, the technical rebound structure remains relatively positive. However, some buying pressure may stem from month-end window dressing or early positioning for October’s seasonally strong performance."
