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ETH/USD Faces Resistance Break Below $1,840 Could Trigger deeper

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Key Technical Levels
Major Resistance: $1,935–$1,945
Immediate Support: $1,840–$1,850 (ascending trendline)
Secondary Support: $1,800
Major Demand Zone: $1,745–$1,750
Bearish Scenario

Price is pulling back toward the rising trendline. A decisive break and hourly close below $1,840 would invalidate the current bullish structure and could trigger a deeper correction toward $1,800, with an extended target near the $1,745–$1,750 demand zone.

Bullish Scenario

If buyers defend the ascending trendline around $1,840–$1,850, ETH could rebound and make another attempt to break above the $1,935–$1,945 resistance zone. A confirmed breakout would signal continuation of the broader uptrend.

Trading Outlook
Bias: Short-term bearish while below resistance.
Confirmation: Hourly close below $1,840.
Bearish Targets: $1,800, then $1,745–$1,750.
Invalidation: Strong recovery above $1,945.
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