ETH/USD continues to trade flat on Tuesday, sustaining its strength above 11.00 levels. It is currently trading at 11.13 levels at the time of writing (Kraken).

Ichimoku analysis of daily chart:

Tenkan Sen: 11.19

Kijun Sen: 10.05

Trend reversal: 11.64 (90 EMA)

“ETH/USD has taken support near 200-day MA and reverted from that level. However, it is trading weak and scope for strong bullish trend would be seen only above 90 EMA”, FxWirePro said in a statement.

On the topside, the pair faces major resistance at 11.64 (90 EMA) and any violation would see it testing 12.58 (100-day MA)/13.00. On the flipside, the pair seems to have taken support near 11.00 levels. A consistent breach of this level would target 10.64 (200-day MA) /9.10 (61.8% retracement of 7 and 12.49)/7.00 (August 2 low).