ETH/USD hit a high of 11.19 levels on Monday, but failed to sustain its move. It is currently trading at 10.58 levels at press time (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 10.39

Kijun-Sen: 9.60

Trend reversal: 9.67 (90 EMA)

On the upside, the pair is facing strong resistance at 10.78 levels (200-DMA)  and a break above would target 11.19 (January 23 high)/ 11.63 (January 05 high).

On the flip side, the pair is likely to find support near 10.22 (21-DMA) and any violation would drag it to 9.93 (61.8% retracement of 9.16 and 11.19)/9.67 (90 EMA).