ETH/EUR trades higher on Wednesday. The pair has broken minor resistance at 12 and jumped till 14.38 levels (KRAKEN). It is currently trading at 13.46 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 12.15

Kijun-Sen level: 11.695

Trend reversal level - (90 4H MA)- 12.80

Long-term trend remains to be bullish. In 4-hour chart, ETH/EUR is trading well above Tenken-Sen and Kijun-Sen. So slight jump till 15.23 (61.8% retracement of 19.08 and 9) is possible.

Major resistance is seen at 14.40 and any break above that level will take the pair till 15.23/16. Short term support is seen at 12.45 (200 4H MA) and any violation below will drag the pair till 11.69 (21 4H EMA/11.03 (61.8% retracement of 9 and 14.38).