ETH/USD has taken support near 9.50 levels and is trying to hold its strength above this level. It is currently trading at 9.77 levels (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 9.88

Kijun-Sen: 10.61

Trend reversal: 11.40 (90 EMA)

The pair’s upside is being capped by 9.80 (7-EMA) and a consistent break above would see it testing 10.40 (21 EMA)/11 (61.8% retracement of 12 and 9.40).

On the downside, a break below 9.50 levels would drag the pair to 9.23 (Oct 29 low)/8.86 (113% retracement of 9.23 and 12).