Incredible! The ETH rebound may be a foregone conclusion, a high-probability event is coming!

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ETH shows signs of a potential rebound and has formed a high-probability setup. A symmetrical triangle pattern has emerged, with prices fluctuating between converging support and resistance levels.

The occurrence of this pattern within a monthly time frame enhances the likelihood of an upward breakout.

Currently, the price is trading near the bottom of the pattern, at a support level, indicating the potential for significant upward movement.

If this pattern materializes, ETH could rebound, with three key levels to watch: 0.0540, 0.0859, and 0.1202. This means that buying 1 ETH with BTC could become increasingly expensive.

As ETH/BTC rises to these levels, it will also have a positive impact on the ETH/USDT price, which is currently trading at $3,200. If the rebound comes true, ETH could reclaim its previous high of around $4,000 and move even higher.

CryptoQuant data shows that the continuous accumulation of Ethereum (ETH) is showing a surge trend, indicating that more addresses are holding this asset with a long-term perspective.

Currently, the number of addresses holding ETH has increased by 60%. These addresses now account for 16% of the total supply (approximately 19.4 million ETH), up from 10% in August, marking a significant shift in investor behavior.

This accumulation trend is generally seen as a bullish indicator. It suggests that investor confidence is steadily increasing, with the potential for significant price increases.

If this trend continues, ETH may experience a substantial rise in the near future.

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