ETH/USD has failed to close above 10-DMA on Wednesday and has declined till 13.08 levels, after hitting a high of 13.47 levels yesterday. It is currently trading at 13.12 levels (Kraken).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 13.37

Kijun Sen: 12.90

Trend reversal: 12.02 (90 EMA)

Major resistance is seen at 13.30 (10-day MA) and a break above would target 14.45 (September 20 high)/15.03 (127.2% retracement of 14.45 and 12.30).

On the other hand, support is likely to be found at 12.66 (21 DMA) and a break below would drag the pair to 12.30 (September 22 low)/12.02 (90 EMA).