ETH/USD broke above 200-DMA and hit a high of 11 levels on January 21. However, it is struggling to hold its strength above this level and is currently trading at 10.77 levels at press time (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 10.29

Kijun-Sen: 9.33

Trend reversal: 9.64 (90 EMA)

On the upside, a consistent break above 10.78 levels (200-DMA) would target 11.00 (January 21 high)/ 11.63 (January 05 high)/12.

On the flip side, 10.42 (7-DMA) is acting as a major support for the pair and a break below would drag it to 10.10 (21-DMA)/ 9.64 (90-EMA).