FxWirePro: ETH/USD weakens further, good to go short below 9.50
ETH/USD moved further down on Thursday and is trading at 9.64 levels at the time of writing (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 9.88 Kijun-Sen: 10.61 Trend reversal: 11.30 (90 EMA) On the topside, the …
ETH/USD moved further down on Thursday and is trading at 9.64 levels at the time of writing (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 9.88
Kijun-Sen: 10.61
Trend reversal: 11.30 (90 EMA)
On the topside, the pair has slipped below 9.81 (10-day MA) and a break above would see it testing 10.00 (61.8% retracement of 10.37 and 9.40)/ 10.30 (November 22 high). Break above 10.30 levels would confirm minor bullishness in the pair.
On the flipside, support is seen at 9.50 levels (psychological) and a break below would drag the pair to 9.23 (Oct 29 low)/ 8.86 (113% retracement of 9.23 and 12).
EIP-8061 estimates higher exit and consolidation capacity in a 36 million ETH stake scenario. Its Nov. 1, 2026, date is a review deadline, not a network activation date.
