ETH/USD has once again bounced back after taking support near 90 EMA. The pair is inching closer to 100-day MA and is currently trading at 12.14 levels (Kraken).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 11.79

Kijun Sen: 11.60

Trend reversal: 11.63 (90 EMA)

On the top side, the pair is looking to break above 12.28 levels (100-day MA), however, further bullishness would be confirmed only if it breaks above previous high of 12.54 (September 01 high). Northward move beyond this level would target 13.47 (78.6% retracement of 15.23 and 7.00)/ 15.23 (July 22 high).

On the downside, the pair is likely to find support at 11.63 (90 EMA) and a break below would see the pair testing 11.40 (200-day MA)/10.00 (psychological level).