ETH/USD is holding well above 10-DMA on Friday and currently trading at 88 levels at the time of writing (BTC-e).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 82.60

Kijun-Sen: 69.15

The pair is consolidating in a narrow range after it a fresh all-time high at 92 levels on May 07. Further bullishness could be seen only if it breaks above this level which would then target 94.21 (113% retracement of 92 and 75)/96.62/ 102.50.

Momentum studies appear bullish as RSI and stochs appear to be rolling over to overbought zone. On the 2-hour chart, the pair has broken above major resistance at 50-SMA and holding above.

On the 1-hr chart, the pair is holding above 85.56 (1H 200-SMA). Good to buy on dips around 85.56, SL: 80.70.

On the daily chart, support is seen at 84.76 (10-DMA) and a break below would drag the pair to 79.75 (23.6% retracement of 41 and 92)/75 (May 09 low).