ETH/USD is continuing its downtrend after hitting 11.24 levels on November 05. It is currently trading at 10.90 levels (Kraken).

Long term trend: neutral

Ichimoku analysis (Daily chart):

Tenkan-Sen $10.61

Kijun-Sen $11.06

Trend reversal - $11.84 (100 day MA)

“The pair has taken support near 10-day MA and a close below would confirm further bearishness”, FxWirePro said in a statement.

Major resistance is seen at 11.23 (38.2% $14.45 and $9.23) and any break above targets 11.84 (100- day MA)/12 (31st Oct high).

On the other hand, support is seen at $10.61 (daily Tenkan-Sen) and break below targets 10.29 (61.8% retracement of 9.23 and 12)/9.23 (Oct 29 low).