ETH/EUR pair hits fresh all time high of 73.66 yesterday and declined almost 12% from the high (KRAKEN). It is currently trading around 68.60 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 59.01

Kijun-Sen level: 56.19

Minor Trend reversal level - (21- EMA) – 52

Long-term trend remains to be bullish. ETH/EUR takes support near 38.2% fibo and jumped sharply from that level. So minor weakness can be seen only below this level.

The major resistance is around 73.66 (yesterday high) and any break above targets 81.32 (161.8% retracement of 73.66 and 61.25). Short term support is seen at 60.19 (38.2% retracement of 73.66 and 38.40) and any break below will drag the pair till 56.19 (daily Kijun-Sen)/ 52.20 (21- day EMA)/50.