ETH/EUR trades in red on Friday. The pair has declined drastically after making a high of 19.08 levels (KRAKEN). It is currently trading at $14.38 at the time of writing. Decline till 12.89 is possible.

Ichimoku analysis  of 4-hour chart shows:

Tenkan-Sen level: 15.34

Kijun-Sen level: 13.92

Trend reversal level - (21 day MA)- 13.01

Long-term trend remains to be bullish. In 4hour chart, ETH/EUR is trading well below Tenkan-Sen.  So decline till 12.89 (61.8% retracement of $9.25 and $19.08) is possible.

Major resistance is seen at 15.55 (50% retracement of 19.08 and 13.40) and any break above that level will take the pair till 16.93/17.25/19. Short term support is seen at 15 (10 4H EMA) and any violation below will drag the pair till 13.40/ 13 (21 days MA)/12.89.