Santiment: The buy-on-dips strategy is fading as Ethereum approaches the strong resistance zone of $3,200.

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.