ETH/USD moved further south on Friday, falling to a low of $12.05 so far in the day. It is currently seen hovering around this level.
Ichimoku analysis of daily chart shows:
Tenken-Sen $13.21
Kijun-Sen $15.79
Major resistance is seen at $13.03 levels (55 EMA) and a break above will target $13.70 (50% retracement of $16.08 and $11.33) /$14.39 (21 MA).
The pair faces major support at 11.93 levels (90 EMA) and a consistent break below will take the pair to $10.71 (113% retracement of $11.33 and $16.08)/$10.03 (June 18 low). Short-term trend remains bearish for the pair.
