ETH/USD is trading in narrow range between $12 and $9.23 for the past four trading sessions (KRAKEN). It is currently trading around $11.04 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $10.75

Kijun-Sen $11.22

Trend reversal - $11.95 (100 day MA)

Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at $12 and a slight upside is possible only above that level.

Major resistance - $11.28 (10- day MA) and any break above targets $11.68 (21- day MA)/$11.98 (55- day MA). Major support - $10.75 (daily Tenkan-Sen) and break below targets $10.29 (61.8% retracement of $9.23 and $12)/$9.23 (Oct 29th low).