According to Mars Finance, crypto sentiment analysis platform Santiment points out that after a slight rebound this week, the market is showing signs of fatigue, and the clear buying signals from last week have disappeared. Ethereum is approaching a strong resistance zone between $3,200 and $3,250, with intense competition between buyers and sellers. Santiment analyst Maksim believes the market is likely to retest recent lows after testing this level. Social media indicators show a shift in market narrative, with the previously popular "buy the dip" strategy fading, replaced by concerns about companies like Strategy and their potential liquidation.
Santiment: The buy-on-dips strategy is fading as Ethereum approaches the strong resistance zone of $3,200.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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