ETH/USD traded in the green on Thursday on the back of newly found momentum. It currently trades at 10.95 levels (Kraken) at press time.

Long term trend: Bullish

Short term: Bearish

Ichimoku analysis (Daily chart):

Tenkan-Sen $10.498

Kijun-Sen $12.69

Trend reversal - $11.72

“ETH/USD has broken minor resistance $11 and jumped till $11.21. In daily chart the pair is facing resistance around $11.69 (90 day EMA) and it should break above for further bullishness”, FxWirePro said in a statement.

Major resistance - $11.25 (14 day EMA) and any break above targets $11.72 (90 day EMA)/$11.97 (21 day MA). Major support - $10 and break below targets $9.30 (Jul 5 th 2016 low)/ $8.45 (127.2% retracement of $10.10 and $16.08).