ETH/USD has retreated after making a high of $11.60 yesterday. It is currently trading around $10.72 (Kraken).
Long term trend: neutral
Ichimoku analysis (Daily chart):
Tenkan-Sen $10.21
Kijun-Sen $11.11
Trend reversal - $11.84 (90 day EMA)
“In daily chart the pair is facing strong resistance at $11.84 (90 day MA) and any break above confirms slight bullishness”, FxWirePro said in a statement.
On the upside, major resistance is seen at $11.84 (9 day EMA) and any break above targets $12.30 (50 day MA)/$13. On the other hand, support is likely to be found at $9.80 (200 day MA) and close below targets $7/ $5.42 (161.8% retracement of $9.30 and $15.23).
