ETH/ EUR is seen trading well above on Tuesday. The pair is trading in narrow range between 12.29 and 11.64 for the past three trading sessions (KRAKEN). It is currently trading around 12.10 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.80

Kijun-Sen level: 11.449

Trend reversal level - (100 days MA) – 10.689

Long-term trend remains to be bullish. ETH/EUR is trading well above 10- day MA (11.77), Tenkan-Sen and Kijun-Sen.So short term trend is slightly bullish, a jump till 12.92 likely.

Minor resistance is around 12.20 (61.8% retracement of 12.92 and 11) and any break above that level will take the pair till 12.92 (Sep 21st high)/13.74 (Jul 23rd high). Short-term support is seen at 11.60 (21- day MA) and any break below will drag the pair till 11.06 (55- day EMA)/ 10.68 (100- day MA)/10.41 (200- day MA).