ETH/EUR is seen trading well above on Monday and the pair has minor resistance at 42 and hits fresh all-time high at 48.73 on Mar 24th 2017 (KRAKEN). It is currently trading around 46.25 at the time of writing.

Long-term trend remains to be bullish.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 38.36

Kijun-Sen level: 31.68

Major Trend reversal level - (23.6% fibo) – 40.75

ETH/EUR downside capped by 23.6% fibo and any break below will drag the pair till 40.77 (23.6% retracement of 15.15 and 48.73)/38.36.

The major psychological resistance is around 50 and any break above targets 51.97. Short term support is seen at 43.90 (23.6% retracement of 28 and 48.73) and any break below will drag the pair till 40.77 (23.6% retracement of 15.15 and 48.73)/ 38.36 (daily tenken-Sen).