ETH/USD managed to close just above 10.00 levels on Monday, but it is currently trading at 9.97 levels at the time of writing (Kraken).

Short-term trend: Bearish

Long-term trend: Bearish

Ichimoku analysis (Daily chart):

Tenkan-Sen: 10.39

Kijun-Sen: 10.76

Trend reversal: 11.67 (90 day MA)

The pair’s upside continues to be limited by 10.27 (7-EMA) and a consistent break above this level would see it testing 10.80 (21-day MA)/11.24 (November 05 high).

On the downside, support is likely to be found at 9.56 (November 12 low) and a break below would drag it to 9.23 (Oct 29 low)/9.00.