ETH/EUR pair has declined slightly after hitting all- time high of 246.99 level on Jun 7th 2017 high (KRAKEN). It is currently trading around 232.62 at press time.

Ichimoku analysis of 4-hour chart indicates:

Tenkan-Sen level: 234

Kijun-Sen level: 227

Minor Trend reversal level - (200 4H MA) – 142.96

Long-term trend remains to be bullish. ETH/EUR faces strong resistance around 250 and any break above confirms further bullish continuation.

The major resistance is around 250 (61.8% projection from 67.25 to 206 from 113) and any break above targets 263 (161.8% retracement of 206.79 and 113)/305. Short term support is seen at 227 (4H Kijun-Sen) and any break below will drag the pair till 214 (55- 4H EMA)/ 199 (89- 4H EMA).

It is good to buy on dips around 220 with SL around 199 for the TP of 250/263.