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.