ETH/USD has broken 38.2% fib and is trading just shy of 10.00 levels at press time (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen:10
Kijun-Sen: 9.32
On the upside, a consistent break above 10 (psychological level) would target 10.39 (50% retracement of 11.63 and 9.16)/ 10.80 (200-DMA). A consistent break above 200-DMA would confirm further bullishness in the pair.
On the flip side, 9.51 (90 EMA) is acting as a major support for the pair and any violation would see it falling to 9.16 (January 12 low)/8.77 (61.8% retracement of 7.01 and 11.63).
