ETH/USD is trying to hold its strength above 10 levels on Friday. It currently trades at 10.23 levels at the time of writing (Kraken).

Ichimoku analysis of daily chart:

Tenkan-Sen: 11.02

Kijun-Sen: 15.39

Trend reversal: 11.82

The pair has strongly broken below the 90 EMA, hitting a low of 9.30 levels earlier this week. The pair faces immediate resistance at 10.90 levels (23.6% retracement of 16.08 and 9.30), and a break above will see the pair testing 11.82 levels (90 EMA)/12.69 levels. On the flipside, major support is seen at 9.30 (Jul 5 low) and break below will drag the pair to 8.47 (127.2% retracement of 10.10 and 16.08)/ 8.00. Short-term trend remains bearish for the pair.