ETH/USD has hit 13.42 levels so far in the day and is trading above 10-DMA. It is currently trading at 13.28 levels at the time of writing.

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 13.31

Kijun Sen: 12.90

Trend reversal: 12.04 (90 EMA)

On the upside, the pair faces immediate resistance at 13.50 (September 28 high) and a break above would see the pair reaching 14.45 (September 20 high)/15.03 (127.2% retracement of 14.45 and 12.30).

On the downside, the pair is trading above the 13.00 mark and seems to have taken support near this level. Any violation would drag it to 12.74 (21 DMA)/12.30 (September 22 low).