Santiment: The buy-the-dip strategy is fading as Ethereum approaches the strong resistance zone of $3200

The cryptocurrency sentiment analysis platform Santiment points out that after a slight rebound this week, the market shows signs of fatigue, and the clear buying signals from last week have disappeared. Ethereum is approaching a strong resistance zone between $3200 and $3250, with intense competition between buyers and sellers.

Maksim, an analyst at Santiment, believes that the market is likely testing this level before re-testing recent lows. Social media indicators show that the market narrative is shifting, with the previously popular "buy the dip" strategy fading away, replaced by concerns over companies like Strategy and their potential liquidation.