ETH/EUR hits all-time high on Thursday. The pair has broken major resistance 17.25 (on 14 June) and hits a new all-time high at 17.51 levels (KRAKEN). It is currently trading at 17.51 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 16.07

Kijun-Sen level: 14.80

Trend reversal level - (21 4H MA)- 15.60

Long-term trend remains to be bullish. ETH/EUR prices are expected to go up further till 18.65/19.40 in the short term.

Major resistance is seen at 17.85 (1.27% retracement of 17.25 and 15.01) and any break above that level will take the pair till 18.65 (1.618 % retracement of 17.25 and 15.01)/19.40 (1.27% retracement of 17.25 and 9.25). Short term support is seen at 16.40 (7 4H EMA) and any violation below will drag the pair till 16.07/15.60 (21 4HMA). The minor support is at $16.85 (23.6% retracement of 15.52 and 17.51.