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FxWirePro: ETH/USD faces strong resistance at 200-DMA, break above targets 11.63

ETH/USD once again failed to break above 200-DMA and is currently trading at 10.27 levels (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen:10

Kijun-Sen: 9.32

The pair is currently holding its strength above 10.00 levels and is facing resistance at 10.79 (200-DMA). A consistent break above would target 11.09 (78.6% retracement of 11.63 and 9.16)/11.63 (January 05 high).

On the flip side, the pair is likely to find support near 10.09 (38.2% retracement of 9.16 and 10.68) and a break below would target 9.53 (90-EMA)/9.22 (55-EMA).

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