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Ethereum (ETH) at a Critical Level – Breakout or Breakdown?

Ethereum (ETHUSD) is trading in a tight range, forming a bearish pennant pattern that signals potential downside. The key support to watch is $1,840—a break below this level could trigger a strong bearish move, pushing ETH lower.

What’s Next?

  • Bearish Scenario: If ETH drops below $1,840, selling pressure could intensify.
  • Bullish Scenario: Holding this level might lead to a short-term bounce, but a breakout is needed for real recovery.

Ethereum’s next move will depend on whether bulls can defend support or if bears take control. Stay tuned!


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