ETH/USD is struggling to break above 7-DMA and is currently trading at 10.45 levels at the time of writing (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.54
Kijun-Sen: 9.84
On the upside, a decisive break above 10.66 (7-DMA) would see the pair testing 10.77 (200-DMA)/11.19 (January 23 high).
Momentum studies suggest further weakness in the trend, as RSI (14) is at 58 with lower bias and bearish crossover of MACD.
On the flip side, the pair has taken support near 10.25 (21-DMA) and a break below would drag it to 9.93 (61.8% retracement of 9.16 and 11.19)/9.72 (90 EMA)/9.47 (lower Bollinger).
