According to Odaily Planet Daily, Matrixport released today's chart, showing that Ethereum rebounded after stabilizing at the upper edge of a multi-year ascending triangle. This trend has entered a critical observation period, and it remains to be seen whether it is another false breakout or the start of a new round of growth.

Looking back at previous false breakouts, downward momentum was limited, and prices subsequently rebounded quickly. The current trend also shows similar characteristics, and investors should be aware of the possibility of another round of rapid recovery.

Overall, the technical rebound structure remains positive. However, some of the buying may be due to month-end earnings revisions or early positioning for October's seasonal market.