ETH/EUR pair has broken psychological level of 25 and jumped to 28.50 levels yesterday. ETH/EUR hits fresh all-time high and slightly declined from that level. ETH/EUR is trading higher and any minor weakness can be seen only below 23.40 levels (KRAKEN). It is currently trading around 26.52 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 21.82

Kijun-Sen level: 19.95

Major Trend reversal level - (daily Kijun-Sen) – 19.95

Long-term trend remains to be bullish. ETH/EUR downside is capped by 38.2% fibo and a minor weakness can be seen only below that level.

The major resistance is around 28.50 (Mar 13th, 2017 high) and any break above targets 29.10 (113% retracement of 28.50 and 23.87)/30. Short term support is seen at 25 and any break below will drag the pair till 23.40 (38.2% retracement of 28.50 and 15.15).