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Ethereum Risks Drop To $1,550 If It Doesn’t Reclaim Key Resistance – What’s Next For ETH?

  • Ethereum risks dropping to 17-month lows if it fails to reclaim key resistance levels.
  • Ethereum has been trading below a key support zone, and its worst monthly performance in seven years is pointing towards a bearish retest of the range's top.
  • A rejection from the $1,930 mark could lead to a 15% drop and a price of $1,550 for Ethereum.
  • Analysts suggest that if Ethereum breaks above the $2,100 resistance, a 20% rally may be possible.

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