ETH/USD hit a fresh all-time high on Monday at 81.17 levels. It is currently trading at 79.60 levels at the time of writing (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 64.39

Kijun-Sen: 61.09

The pair is currently hovering around 80 levels (161.8% extension of 5.92 and 51.90) and a close above would see it testing 86.40 (113% extension of 41.01 and 81.17)/92.

MACD line is above the signal line and the pair is successfully holding above major moving averages.

However, stochs are in the overbought zone and bearish RSI divergence could be seen on daily charts.

Support is seen at 72.26 (5-DMA) and any violation would drag it to 65.83 (38.2% retracement of 41 and 81.17)/61 (10-DMA).