ETH/USD has declined sharply after it hit 10.37 levels and fell to 9.40 levels on Friday. It is currently trading at 9.53 levels (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.21
Kijun-Sen: 10.75
Trend reversal: 11.53 (90 EMA)
The pair has failed to break above 10.23 (10-day MA) and only a consistent break above would see the pair testing 10.67 (21 EMA)/11.0 (61.8% retracement of 12 and 9.40). Bullishness in the pair could be confirmed only if it breaks above 12.00 levels (October 31 high).
On the downside, support is seen at 9.23 (Oct 29 low) and a break below would drag it to 8.86 (113% retracement of 9.23 and 12)/8.59 (78.6% retracement of 7 and 14.45).