ETH/EUR has seen riding high on momentum. It has seen an all time-high of 17.00 levels (KRAKEN) on Tuesday.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: $15.05

Kijun-Sen level: $14.40

Trend reversal level - (21 4H EMA)-$13.68

Long term trend remains bullish. The pair has made a high of 17 and is currently trading at the same level at the time of writing.

Major resistance is seen at $17 (round figure) and any break above that level will take the pair till 18.11 (1.618% retracement of $13.39 and $9.25)/$20.09 (2.618 % retracement of 13.39 and 9.25). Short term support is seen at $15.60 (7 4H EMA) and any violation below will drag the pair till $15.05 /$14.40. The minor support is at $16.05.

RSI (14) is in over bought zone. So small uptrend correction till $15 is possible.