ETH/USD traded weak on Monday, slipping below 200-day MA before restoring to 11.05 levels at the time of writing (Kraken).

Ichimoku analysis of daily chart:

Tenkan Sen: 11.03

Kijun Sen: 10.50

Trend reversal: 11.57 (90 EMA)

Short-term trend appears weak for the pair. On the upside, major resistance is seen at 11.57 (90 EMA) and a break above would see the pair testing 12.50 (100-day MA)/ 13.64 (161.8% retracement of 12.49 and 10.65).

On the flip side, a close below 10.87 (200-day MA) would confirm bearish trend for the pair. Any consistent move below would target 9.10 (61.8% retracement of 7 and 12.49)/7.00 (August 2 low).