Santiment: "Buy the dip" strategy is fading as Ethereum approaches the strong resistance zone at $3,200
BlockBeats News, November 30, crypto sentiment analysis platform Santiment pointed out that after a slight rebound this week, the market is showing signs of fatigue, and the obvious buying signals from last week have disappeared. Ethereum is approaching a strong resistance zone between $3,200 and $3,250, with fierce competition between buyers and sellers. Maksim, an analyst at Santiment, believes that after testing this level, the market is likely to retest recent lows.
Social media indicators show that the market narrative is shifting. The previously popular "buy the dip" strategy is fading, replaced by concerns about companies such as Strategy and their potential liquidations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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