[Analyst: ETH May Retrace to $3,350 Support in September, Rebound in October and Aim for New Highs] BlockBeats News, September 2, according to a report by Cointelegraph, analyst Johnny Woo stated: 'ETH may initially appear bearish, but if the trend develops as expected, this could be the biggest bear trap I’ve ever seen.' He added that the charts indicate ETH might form a 'head and shoulders top' pattern in September, which could then be broken during an 'October rally.' In this scenario, Ethereum might retrace to around the $3,350 support level in September, then rebound in October and aim for a new all-time high in November. A similar situation occurred in September 2021, when ETH dropped 30% from $3,950 to $2,750, only to rebound to a new all-time high in November.