ETH/USD moved further south on Tuesday and has hit a 9-month low of 6.43 levels so far in the day. It is currently trading at 6.63 levels (Kraken).

Long-term trend: Bearish

Short-term trend: Bearish

Ichimoku analysis (Daily chart):

Tenkan-Sen: 7.93

Kijun-Sen: 8.63

Trend reversal: 8.97 (21-day MA)

On the topside, the pair faces resistance at 7.00 levels and a break above would target 7.35 (23.6% retracement of 10.30 and 6.43)/7.50.

On the reverse side, the pair is likely to find support at 6 (113% retracement of 7 and 14.45) and a break below would target 5.62 (161.8% retracement of 9.30 and 15.23)/ 5.