How Can US Gov’t Regulate Bitcoin, When It Doesn’t Even Know What It Is?
Ethereum reacted to a subtle double top pattern as soon as it tested $185 during the brief surge in the evening (GMT) session on Wednesday. The price lost its mojo resulting in a drop below $180 and extended declines below both the 50 SMA and the 100 SMA 1-hour. Further losses have slipped below $170. ETH/USD is trading at $168 and could test the support congestion zone at $155 – $160 unless a reversal takes it back above $170.