ETH/USD is trading flat after hitting 13.50 levels and has taken support near 10-day MA. It is currently trading at 13.25 levels at the time of writing (Kraken).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 13.03

Kijun Sen: 12.90

Trend reversal: 12.12 (90 EMA)

“The pair trading above 13.11 (10-day MA) and further bullishness in the pair could be confirmed only if it breaks above 13.50 levels”, FxWirePro said in a statement.

On the upside, major resistance is seen at 13.50 (September 28 high) and a break above would target 14.45 (September 20 high)/15.03 (127.2% retracement of 14.45 and 12.30).

On the downside, support is seen at 12.93 levels (21-DMA) and a break below would weaken the pair to 12.50 (psychological level)/12.30 (September 22 low).