Analysis: Ethereum testing key support enters observation period, technical rebound structure is relatively positive.

PANews, September 30 news, according to Matrixport analysis, after Ethereum price fell back to stabilize at the upper edge of a multi-year ascending triangle, it has begun to rebound. Currently, the trend has entered a critical observation period, and it needs to be verified whether it is another false breakouts or the start of a new round of pump. Looking back at previous false breakouts, the price has limited downside momentum and rebounds quickly. The current trend shows similar characteristics, and attention should be paid to the possibility of a new round of rapid recovery. Overall, the technical rebound structure is relatively positive, but some buying pressure may stem from end-of-month performance adjustments or early positioning for October's seasonal market.