Santiment: "Buy the Dip" Strategy Fails as Ethereum Approaches Strong Resistance Zone

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According to TechFlow, on November 30th, crypto sentiment analysis platform Santiment pointed 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 $3200 and $3250, 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.

Source:KuCoin News
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