PANews reported on September 30 that according to Matrixport analysis, the price of Ethereum fell back to the upper edge of a multi-year ascending triangle and stabilized before rebounding. The current trend has entered a critical observation period, and it is necessary to verify whether it is another holiday breakthrough or the start of a new round of rise. Looking back at previous false breakouts, prices experienced limited downward momentum and rebounded quickly. The current trend exhibits similar characteristics, prompting caution for a possible new round of rapid gains. Overall, the technical structure of the rebound is positive, but some buying may stem from month-end earnings revisions or early positioning for October seasonal market conditions.PANews reported on September 30 that according to Matrixport analysis, the price of Ethereum fell back to the upper edge of a multi-year ascending triangle and stabilized before rebounding. The current trend has entered a critical observation period, and it is necessary to verify whether it is another holiday breakthrough or the start of a new round of rise. Looking back at previous false breakouts, prices experienced limited downward momentum and rebounded quickly. The current trend exhibits similar characteristics, prompting caution for a possible new round of rapid gains. Overall, the technical structure of the rebound is positive, but some buying may stem from month-end earnings revisions or early positioning for October seasonal market conditions.

Analysis: Ethereum tests key support and enters observation period, technical rebound structure is positive

2025/09/30 15:03
1 min read
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PANews reported on September 30 that according to Matrixport analysis, the price of Ethereum fell back to the upper edge of a multi-year ascending triangle and stabilized before rebounding. The current trend has entered a critical observation period, and it is necessary to verify whether it is another holiday breakthrough or the start of a new round of rise.

Looking back at previous false breakouts, prices experienced limited downward momentum and rebounded quickly. The current trend exhibits similar characteristics, prompting caution for a possible new round of rapid gains. Overall, the technical structure of the rebound is positive, but some buying may stem from month-end earnings revisions or early positioning for October seasonal market conditions.

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