ETH/USD has broken major resistance 11.69 and jumped till 12.69 at the time of writing. It is currently trading around 11.60 (Kraken).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis (Daily chart):

Tenkan-Sen: 10.76

Kijun-Sen: 12.69

Trend reversal: 11.69

“In daily chart, the pair is facing resistance around 12.69 (daily Kijun-Sen) and it should break above for further bullishness”, FxWirePro said in a statement.

Major resistance is seen at 12.69 (daily Kijun-Sen) and any break above targets 13.02/13.52 (61.8% retracement of 16.08 and 9.30). Major support is around 10.00 and break below targets 9.30 (Jul 5 low)/ 8.45 (127.2% retracement of 10.10 and 16.08).