ETH/EUR pair has broken major psychological resistance at 100 and hits fresh all-time high at 158. ETH/EUR trading stronger and a minor weakness only below 136 level (KRAKEN). It is currently trading around 148.95 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 127

Kijun-Sen level: 113

Minor Trend reversal level - (May 1st low) – 61.25

Long-term trend remains to be bullish. ETH/EUR downside capped by 23.6% fibo and any minor weakness can be seen below this level.

The major resistance is around 158 and any break above targets 171 (161.85 retracement of 157.85 and 136.35)/196 (26.18% projection form 38.40 to 8.88 till 67.25). Short term support is seen at 136 (23.6% retracement of 67.25 and 157.85) and any break below will drag the pair till 113 (4 H Kijun-Sen)/100.90 (55 4H EMA).