ETH/EUR pair formed temporary top around 223.50 and shown a minor decline till 195 levels (KRAKEN). It is currently trading around 199 at the time of witting.

Ichimoku analysis 4-H Chart shows:

Tenkan-Sen level: 208

Kijun-Sen level: 190

Minor Trend reversal level - (200 4H MA) – 112

Long-term trend remains to be bullish. ETH/EUR faces major resistance around 223.50 and any break above confirms further bullishness continuation.

The major resistance is around 237 (161.8% retracement of 219.80 and 191.85) and any break above targets 250 (61.8% projection from 67.25 to 206 from 113)/263 (161.8% retracement of 206.79 and 113). Short term support is seen at 208 (4H Tenkan-Sen) and any break below will drag the pair till 190 (4H Kijun-Sen)/168 (50% retracement of 113 and 223.50).

It is good to buy on dips around 185 with SL around 165 for the TP of 220/250.