ETH/USD continues to trade in a narrow range between 10.40 and 10.60 levels on Monday. It is currently trading at 10.45 levels at press time (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 10.78

Kijun-Sen: 10.36

The pair’s upside is being capped by 10.55 (7-DMA) and a break above would see it testing 10.77 (200-DMA)/11.19 (January 23 high).

On the flip side, the pair has taken support near 10.31 (21-DMA) and a break below would drag it to 9.93 (61.8% retracement of 9.16 and 11.19)/9.77 (90 EMA)/9.48 (lower Bollinger).