ETH/USD failed to hold its strength above the 10.00 mark and is currently trading at 9.88 levels (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 9.88

Kijun-Sen: 10.61

Trend reversal: 11.33 (90 EMA)

The pair is showing a dip after it ran into resistance at 10.30 levels (21-day MA) on Tuesday. It dropped to 9.70 levels before restoring to just above 10-day MA. On the upside, a break above 10.30 (November 22 high) would target 10.60 (61.8% retracement of 11.24 and 9.56)/ 11.02 (55-EMA).

On the flipside, support is seen at 9.50 levels (psychological) and a break below would target 9.23 (Oct 29 low)/ 8.86 (113% retracement of 9.23 and 12).