ETH/USD pared its gains made yesterday after declining till $9.23 on Oct 29 (KRAKEN). It is currently trading around $10.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $10.75

Kijun-Sen $11.22

Trend reversal - $11.95 (100 day MA)

Long-term trend remains to be neutral. In the daily chart, the pair upside is capped by 55-day EMA and a slight upside is possible only above that level.

Major resistance is seen at $11.22 (daily Kijun-Sen) and any break above targets $11.73 (21- day MA)/$12.02 (55- day MA). Major support can be noticed at $10.75 (daily Tenken-Sen) and break below targets $10/$9.23 (Oct 29th low).