ETH/USD dropped to 158 levels on May 25 after it hit a fresh all-time high of 210 levels. The pair resumed its uptrend on Friday and is currently trading at 186 levels at the time of writing (BTC-e).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 132.45

Kijun-Sen: 124.93

The pair is struggling to close above the 200-mark and a decisive break above would see it testing 210 (May 25 high)/232 (113% extension of 40.12 and 210)/256.

On the downside, support is seen at 172 (5-DMA). A bearish Stoch divergence could be seen on daily charts. This coupled with a close below 5-DMA would see minor bearishness in the pair, dragging it to 142.54 (10-DMA).

On the hourly charts, bearish divergence could be seen on MACD and RSI. Also, Bollinger bands are narrowing suggesting an upcoming change in trend.