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ETH/USD bounces off 90-EMA, break above 200-DMA targets 11.63

ETH/USD has taken support near 90-EMA and is currently trading at 10.72 levels at press time (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 9.79

Kijun-Sen: 9.32

On the upside, the pair faces major resistance at 10.95 levels (200-DMA) and a consistent break above would target 11.63 (January 05 high)/12 (October 31 high).

On the flip side, the pair is likely to find support near 9.94 (100-DMA) and a break below would target 9.44 (90-EMA)/ 8.94 (55-EMA).

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