ETH/EUR pair has a recovered after showing a dip till 254 levels (KRAKEN). ETH/EUR jumped till 275 and is currently trading around 257.10 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 271.85

Kijun-Sen level: 243

Minor Trend reversal level - (89 EMA) – 170

Long-term trend remains to be bullish. ETH/EUR faces intraday major support at 254 (38.26% retracement of 193 and 293) and any break below will drag the pair till 234/193.

The major resistance is around 285 (trend line joining 385 and 354) and any break above targets 313 (61.8% retracement of 385 and 193)/354/385. Short term support is seen at 200 and any break below will drag the pair till 170/115.

It is good to buy on dips around 255-260 with SL around 230 for the TP of 300/313.