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Santiment: "Buy the Dip" Strategy Fading as Ethereum Nears $3,200 Strong Resistance Zone
BlockBeats News, November 30th, the cryptocurrency sentiment analysis platform Santiment pointed out that after a slight rebound this week, the market showed signs of fatigue, and the clear buying signal from last week has disappeared. Ethereum is approaching a strong resistance zone between $3200 and $3250, with intense battles between buyers and sellers. Santiment's analyst Maksim believes that the market is likely to retest recent lows after testing this level.
Social media metrics show that the market narrative is shifting, with the previously popular "buy the dip" strategy fading away, replaced by concerns about companies such as Strategy and their potential liquidation.
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