Market Hits Pause: After a small recovery, the market is showing signs of exhaustion. The clear buying signals from last week have disappeared.
Ethereum’s Big Test: Ethereum is approaching a heavy resistance zone between $3,200 and $3,250. This level will be a critical test for the market’s strength.
Narrative Shift: The “buy the dip” social trend is over. It has been replaced by narratives of fear and potential liquidations, indicating a fragile market sentiment.
Whales vs. Retail: On-chain data reveals that large Bitcoin wallets have slowed their buying, while smaller retail wallets are now accumulating—a pattern that often precedes a market downturn. The overall message is that this is a time for patience, not action.
