[This article has been updated with latest information]

ETH/USD broke above 5-DMA and hit 13.30 levels on Thursday. Today, the pair fell to 12.56 levels before restoring its strength to 13.18 levels, where it currently trades (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 12.76

Kijun-Sen: 11.99

Momentum studies still suggest higher bias as the pair has retraced to above 5-DMA, RSI(14) is strong at 69. However, caution is advised as market appears highly volatile on the hourly chart.

In the daily chart, resistance is seen at 13.58 (February 14 high) and a break above would target 13.76 (113% retracement of 13.58 and 12.22)/13.96.

In the daily chart, support is seen at 12.77 (5-DMA) and a break below would drag it to 12.56 (today’s low)/ 12.22 (February 21 low).

Update:

"A bug was recently discovered with Cloudflare, which Kraken and many other websites use for DoS protection and other services. Due to the nature of the bug, we recommend as a precaution that Kraken clients change their security credentials"

"The Cloudflare bug has now been fixed, but it caused sensitive data like passwords to be leaked during a very small percentage of HTTP requests. The peak period of leakage is thought to have occurred between Feb 13 and Feb 18 when about 0.00003% of HTTP requests were affected. Although the rate of leakage was low, the information that might have been leaked could be very sensitive, so it’s important that you take appropriate precautions to protect yourself."