ETH/EUR has broken trend line resistance 12.65 and jumped till 12.849 yesterday (KRAKEN). ETH/EUR pared its gain from the high on Wednesday. It is currently trading around 12.17 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 11.01

Kijun-Sen level: 10.69

Trend reversal level - (100 day MA) – 10.89

Long-term trend remains to be bullish. ETH/EUR is facing minor support at 11.54 (7 days EMA) and any break above confirms minor weakness.

Major resistance is around 12.85 (Yesterday high) 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 11.54 (7 days EMA) and any violation below will drag the pair till 10.90 (100- day MA)/10.32 (200- day MA)/9.40 (Aug 19th, 2016 low).