COINOTAG News notes that Santiment’s careful sentiment analysis shows fatigue after a shallow rebound, erasing the previous buy signal and signaling a cautious stance for traders amid elevated volatility.
Ethereum faces a decisive resistance band in the $3200-$3250 range, where intensified battles between buyers and sellers have been observed. A sustained move through this zone could re-ignite upside momentum; failure may prompt a retest of recent lows.
Santiment analyst Maksim projects a possible retest of recent lows after testing this level, underscoring cautious market risk. On-chain and social data reflect a shift away from the buy the dip narrative, with investors watching for liquidity risks at entities such as Strategy.
Source: https://en.coinotag.com/breakingnews/ethereum-struggles-at-key-resistance-3200-3250-as-santiment-warns-of-market-fatigue-and-dwindling-buy-the-dip-momentum
