ETH/USD is once again showing a slight dip after it faced resistance at 100-DMA. It hit 12.22 levels on Thursday and is currently trading at 12.00 levels (Kraken).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 11.79

Kijun Sen: 11.60

Trend reversal: 11.64 (90 EMA)

The pair seems to be struggling to close above 12.27 (100-day MA). Only a close above 12.54 levels (September 01 high) would see a further jump till 13.27 (161.8% retracement of 12.54 and 11.35)/15.23 (July 22 high).

On the other side, 9-EMA is acting like a minor support for the pair. A break below would see a dip till 11.64 (90 EMA)/ 11.43 (200-day MA)/10.00 (psychological level).