FxWirePro: ETH/USD faces strong resistance at 200-DMA, bias neutral
ETH/USD failed to break above 200-DMA once again as it hit 10.72 levels on Monday. It is currently trading at 10.56 levels at press time (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 10.78 Kijun-Sen: 10.36 Bulli…
ETH/USD failed to break above 200-DMA once again as it hit 10.72 levels on Monday. It is currently trading at 10.56 levels at press time (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.78
Kijun-Sen: 10.36
Bullishness in the pair could be confirmed only if it breaks above 10.77 (200-DMA), which would then target 11.19 (January 23 high)/11.63 (January 05 high).
On the flip side, the pair has taken support near 10.31 (21-DMA) and a break below would drag it to 9.93 (61.8% retracement of 9.16 and 11.19)/9.79 (90 EMA).
The higher 2026 target implies about $2.59 billion in second-half activity after Bakkt reported $410 million for the first half. A stablecoin-settled card program with Thredd is planned for a 2027 proof of concept.
