The pair has taken support near 200 days MA yesterday and slightly jumped from that level (BTCE). It is currently trading around 3.455 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.31

Kijun-Sen level: 3.35

Trend reversal level - (90 days MA) - 3.685

Long- term trend remains to be neutral. ETH/EUR is facing resistance at 7-day EMA and any break above targets 3.63 (21 days MA)/3.78.

Major resistance is seen at 3.46 (7 days EMA) and any break above targets 3.635 (21 days MA)/3.78 (100 day MA). Short-term support can be noticed at 3.34 (200 day MA) and any violation below will drag the pair till 2.90 (yesterday’s low) /2.76 (161.8% retracement of 3.04 and 4.145)/2.63.