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5.6 Attitude Silk Road
Ethereum’s price action still looks relatively weak. While Bitcoin’s rally is pushing the market higher, Ethereum isn’t keeping up at all—there are even hints that it may be trying to form a top. But if Bitcoin continues to take off, Ethereum will likely follow as well. So, Ethereum should pay attention to the resistance zone around 2380-2390—this is also the “du kong” boundary. If it can’t get above 2380-2390, then that’s it—“kong” is over. Next, take a look at the support around 2340-2300. Of course, if it can hold above the resistance zone, adjust your thinking in time and do “du” accordingly. $ETH