ETH/USD continues to trade in the green on Friday, hitting a high of $15.10 levels (Kraken) so far in the day. It currently trades at $14.00 levels, at press time.

Ichimoku analysis (4 H chart):

Tenkan-Sen level: $13.85

Kijun-Sen level: $13.10

Trend reversal level - (90 4H EMA)-$14.20

The pair faces major resistance at $15 and any break above that level will take the pair till $15.83 (50% retracement of $21.48 and $10.10)/$16.10 (Jun 22 high). On the other hand, short-term support is eyed at $12.30 (61.8% retracement of $10.10 and $16.08) and any violation below will drag the pair till $11.10/$10.10 (18 Jun low).

“The pair has recovered sharply till $15 after making a low of $12.60. In 4hour chart ETH/USD is trading well above 21 day MA. So a jump till $16.10 is possible”, FxWirePro said in a statement.