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).