TechFlow news, on December 4, Adam, macro researcher at Greeks.live, released a bulletin for the Chinese community stating, "Overall group sentiment is cautiously bullish, with ETH outperforming BTC becoming a focal point of discussion. Traders are closely watching ETH's key support level at 3200; after stop-losses were triggered at this price point, the market saw a brief rebound. There is high attention within the group toward macro developments such as the RMB's rapid appreciation breaking through 7.06 and the USD falling below its 50-day moving average. There is a general belief that the 'bad news is good news' logic is returning, although the rapid depreciation of USDT has caused some traders to worry about withdrawals."
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