ETH/USD has broken above all major levels and is currently trading at 10.75 levels, at the time of writing (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 8.55
Kijun-Sen: 8.55
The pair is trading well above the Ichimoku cloud and momentum studies suggest further bullish trend in – RSI(14) is at 75, and the bullish crossover of 10-DMA and 21-DMA, as well as 7-EMA and 55-EMA. Today, the pair broke above 100-DMA and is holding above this level.
On the upside, the pair now faces strong resistance at 11 (200-DMA) and a consistent break above would target 11.24 (November 05 high)/11.57 (241.4% retracement of 8.89 and 7.01)/12 (October 31).
On the flip side, the pair is likely to find support at 9.34 (90 EMA) and a break below would target 8.67 (55-EMA)/8.43 (7-EMA).
