ETH/USD continues to make attempts to break the major resistance at 200-DMA. The pair has hit a high of 10.79 levels so far in the day and is currently trading at 10.75 levels (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.78
Kijun-Sen: 10.17
On the upside, a consistent break above 10.76 levels (200-DMA) would see the pair testing 10.97 (trend line joining 11.63 and 11.19)/11.19 (January 23 high).
On the flip side, the pair has taken support near 10.52 (7-DMA) and any violation would drag it to 10.31 (21-DMA)/9.93 (61.8% retracement of 9.16 and 11.19).
