ETH/USD is trading in a narrow range between 7-EMA and 21-day MA from past few days. It is currently trading at 8.32 levels (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 7.40

Kijun-Sen: 8.14

Trend reversal: 10.29 (90-EMA)

On the topside, the pair faces strong resistance at 8.50 (21-day MA) and a break above would target 8.89 levels (December 08 high)/9.36 (78.6% retracement of 10.30 and 5.92). Minor bullishness in the pair could be seen only if it breaks above 9.50 levels (trend line joining 14.45 and 12).

On the reverse side, the pair has taken support at 8.12 (7-EMA) and a break below 7.65 (trend line joining 12.30 and 8.67) would drag it to 7.40 (50% retracement of 5.92 and 8.89)/7 (August 02 low).