ETH/EUR trades in red on Tuesday and struggles to break below 9. The pair has once again recovered after making a low of 9.25 levels (KRAKEN). It is currently trading at 10.31 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 10.26

Kijun-Sen level: 14.04

Trend reversal level - (90 4H MA)- 12.93

Long-term trend remains to be bullish. In 4 hour chart, ETH/EUR is trading slightly above Tenken-Sen level. So a slight jump till 12.50/12.93 is possible.

Major resistance is seen at 10.43 (7 4H EMA) and any break above that level will take the pair till 10.92/12.50 (200 4h MA)/12.93. Short term support is seen at 9 and any violation below will drag the pair till 8.27/7.31 (161.8% retracement of 9and 11.81).