Ethereum's Price Movement Enters Critical Phase

According to PANews, Ethereum's price has stabilized after retreating to the upper edge of a long-term ascending triangle, prompting a rebound. The current trend is entering a crucial observation period to determine whether it is another false breakout or the start of a new upward movement. Historically, previous false breakouts have shown limited downward momentum, followed by swift rebounds. The current trend exhibits similar characteristics, suggesting the potential for a rapid recovery. Overall, the technical rebound structure appears positive, although some buying activity may be attributed to end-of-month performance adjustments or early positioning for October's seasonal trends.