ETH Falters at $1,840 Peak After Clearing $1,720 Breakout

Ethereum rallied from June lows near $1,507 to briefly test $1,840 after clearing $1,720 resistance on the Hormuz peace deal bounce and whale accumulation. The move followed a steep May decline that saw ETH lose $2,000 support on May 28 and stabilize above $1,600 by June 8. Momentum has now stalled with repeated rejections near $1,800-$1,840, leaving price near $1,722 and technical indicators turning neutral to bearish. Traders watch whether the ascending trendline near $1,700 holds or deeper tests of $1,550-$1,500 resume.