ETH/USD failed to hold its strength above 90 EMA and moved further south on Thursday. It is currently trading at 9.25 levels (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 9.94
Kijun-Sen: 9.32
On the upside, the pair faces major resistance at 9.84 (100-DMA) and a consistent break above would target 10.39 (50% retracement of 11.63 and 9.16)/10.89 (200-DMA).
On the flip side, the pair has taken support near 9.08 (55-EMA) and a break below would drag it to 8.77 (21-DMA)/8.50 / 8.00 (78.6% retracement of 7.01 and 11.63)
