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Ethereum Risks Drop To $1,550 If It Doesn’t Reclaim Key Resistance – What’s Next For ETH? Ethereum (ETH) has seen a 17% drop in the last month, trading below $1,850 for the past few days. Amid its current performance, an analyst has warned investors the cryptocurrency risks dropping to 17-month lows if it fails to reclaim key resistance levels. Related Reading: Aptos (APT) Ready For A Breakout? Analysts Eye 20% Rally If This Level Is Reclaimed Ethereum Could See Drop To $1,550 Ethereum has been trading below a key support zone for the past two days, hovering between $1,750-$1,840 after failing to recover the $1,900 mark on Wednesday. The second-largest cryptocurrency by market capitalization lost its 15-month range in early March, dropping below $2,100 for the first time since December 2023. Since losing this level, ETH has seen its worst performance in seven years, recording a negative monthly . $ETH

The CoinDesk 20 Index experienced a modest rise, closing at 2446.91, marking a 0.1% increase since the previous day at 4 p.m. ET. This index, which encompasses a diverse range of assets, reflects the fluctuating dynamics of the cryptocurrency market across various global platforms. Out of the 20 assets tracked by the index, six showed positive movement. Leading the gains were Filecoin (FIL), which rose by 2.3%, and Polkadot (POL), which increased by 1.4%. These assets contributed to the overall upward trend observed in the index, highlighting their resilience in the current market environment. On the other hand, some assets faced declines, with Aptos (APT) dropping by 5.0% and Aave (AAVE) decreasing by 2.6%. These laggards underscore the volatility and challenges present in the cryptocurrency sector. The CoinDesk 20 Index serves as a comprehensive measure of the cryptocurrency market, offering insights into the performance of key digital assets. It is traded across multiple platforms and regions, providing a broad perspective on market trends and investor sentiment. As the market continues to evolve, the index remains a crucial tool for understanding the shifting landscape of digital currencies.

The CoinDesk 20 Index experienced a modest rise, closing at 2446.91, marking a 0.1% increase since the previous day at 4 p.m. ET. This index, which encompasses a diverse range of assets, reflects the fluctuating dynamics of the cryptocurrency market across various global platforms. Out of the 20 assets tracked by the index, six showed positive movement. Leading the gains were Filecoin (FIL), which rose by 2.3%, and Polkadot (POL), which increased by 1.4%. These assets contributed to the overall upward trend observed in the index, highlighting their resilience in the current market environment. On the other hand, some assets faced declines, with Aptos (APT) dropping by 5.0% and Aave (AAVE) decreasing by 2.6%. These laggards underscore the volatility and challenges present in the cryptocurrency sector. The CoinDesk 20 Index serves as a comprehensive measure of the cryptocurrency market, offering insights into the performance of key digital assets. It is traded across multiple platforms and regions, providing a broad perspective on market trends and investor sentiment. As the market continues to evolve, the index remains a crucial tool for understanding the shifting landscape of digital currencies.

Aptos (APT) has been experiencing a decline, falling below a key support zone for the second time this week. Despite this correction, some believe that the cryptocurrency could be poised for a breakout soon. To end the monthly close as a downside deviation and avoid a bearish retest, Aptos needs to reclaim a key level as support. If Aptos can reclaim this level, a potential 20% rally to a resistance level is possible. Aptos has been trading within a descending channel since early February, testing the channel's lower and upper boundaries throughout March. The cryptocurrency has shown strength amid market volatility, which saw Bitcoin drop significantly in the past 24 hours. While Aptos has shown potential for a bullish breakout, it's essential to note that the cryptocurrency has been trading within a wide price range. A clear market structure is developing, and a breakout from it would validate a bull div and set Aptos up for a reclaim of a key level. A breakout from the descending channel could lead to a significant price increase for Aptos. However, the cryptocurrency must first reclaim a key level as support to confirm the breakout. $APT

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