ETH/USD is facing strong support at 100-day MA and is trading at 12.05 levels (Kraken).

Ichimoku analysis of daily chart:

Tenkan Sen: 12.29

Kijun Sen: 12.55

Trend reversal: 12.17 (90 EMA)

“The pair’s upside is being capped by 90 EMA and it must break above October 18 high of 12.89 levels for further upward trend”, FxWirePro said in a statement.

In the meanwhile, recent reports suggest that the attacks on the Ethereum network have continued after the first hard fork that took place as planned on October 18. Ethereum creator Vitalik Buterin believes that the second hard fork would resolve this issue, CoinDesk reported. 

"A successful hard fork round two would resolve this for the short and medium term as it would make the state possible to put in memory again," he said.

On the topside, major resistance is seen at 12.17 (90 EMA) and a close above would target 12.77 (61.8% retracement of 13.50 and 11.60)/12.89 (October 18 high).

On the reverse side, the pair seems to have found support near 12.02 (100-day MA) and any violation would target 11.75 (200-day MA)/11.60 (October 10 low).