Riding high on newly found momentum, ETH/USD rose to an all-time high of 18.96 levels (Kraken) on Tuesday. It currently trades at 18.61 levels, at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: $16.93

Kijun-Sen level: $16.36

Trend reversal level - (90 day EMA)-$14.35

Long term trend is bullish and the pair sees major resistance at $19 (1.918% retracement of $14.85 and $10.29) and any break above that level will take the pair till 20.22 (1.618 % retracement of $15.18 and $7). On the flipside, short-term support is eyed at $17.30 (7 4 H EMA) and a consistent break below this level will see ETH/USD reaching $16.90 (23.6% retracement of $18.96 and $10.29)/$16.36.The minor support is at $17.55 (23.6% retracement of $18.96 and $13.01).

“RSI (14) is in over bought zone. So, small correction till $17.50 is possible”, according to FxWirePro.