ETH/EUR is trading above on Monday. The pair has broken major resistance at 11.30 and jumped till 11.65 from that level (KRAKEN). It is currently trading around 11.49 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.95

Kijun-Sen level: 10.63

Trend reversal level - (100 days MA) – 10.44

Long-term trend remains to be bullish. ETH/EUR is trading well above major resistance at 11.30 and slight jump till 13.74 cannot be ruled out.

Major resistance is around 12.80 (50% retracement of 19.08 and 6.52) and any break above that level will take the pair till 13.74 (Jul 23rd high) /14.38 (Jun 22nd low). Short-term support is seen at 10.90 (100-day MA) and any violation below will drag the pair till 10.29(200- day MA)/9.40 (Aug 19th, 2016 low)/7.99.