ETH/USD seems to have bounced back after finding support near 200-day MA. The pair is hovering around 21-day MA at 11.28 levels, at the time of writing (Kraken).

Ichimoku analysis of daily chart:

Tenkan Sen: 11.08

Kijun Sen: 9.90

Trend reversal: 11.61 (90 EMA)

The pair is struggling to close above 21-day MA, which would confirm minor bullishness. On the upside, major support is seen at 11.61 (90 EMA) and a break above will see the pair testing 12.59 levels (100-day MA)/ 13.63 (161.8% retracement of 12.49 and 10.67). On the downside, strong support is seen at 10.72 levels (200-day MA) and any violation will drag the pair to 9.10 (61.8% retracement of 7 and 12.49)/7.00 (August 2 low).