On September 30, Matrixport released a daily chart analysis stating that Ethereum has rebounded after stabilizing at the upper edge of a multi-year ascending triangle. This round of movement has entered a critical observation period, and it still needs to be verified whether it is a false breakout again or the start of a new round of rise. Looking back at the previous false breakouts, the downward momentum has been relatively limited: prices quickly rebounded thereafter. The current movement also shows similar characteristics, and investors should pay attention to the possibility of a new round of rapid recovery. Overall, the technical rebound structure still appears positive. However, some buying pressure may stem from end-of-month performance adjustments or early positioning for October's seasonal market.
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Analysis: Ethereum再次测试关键支撑,资金或提前布局十月季节性行情
On September 30, Matrixport released a daily chart analysis stating that Ethereum has rebounded after stabilizing at the upper edge of a multi-year ascending triangle. This round of movement has entered a critical observation period, and it still needs to be verified whether it is a false breakout again or the start of a new round of rise. Looking back at the previous false breakouts, the downward momentum has been relatively limited: prices quickly rebounded thereafter. The current movement also shows similar characteristics, and investors should pay attention to the possibility of a new round of rapid recovery. Overall, the technical rebound structure still appears positive. However, some buying pressure may stem from end-of-month performance adjustments or early positioning for October's seasonal market.