ETH/EUR is consolidating in narrow range between 353 and 320 for the past three trading sessions (KRAKEN). The pair formed a temporary top around 385 and is currently trading around 311.00 at the time of writing.

Ichimoku analysis of 4-Hour Chart shows:

Tenkan-Sen level: 336

Kijun-Sen level: 305

Minor Trend reversal level - (200 4H MA) – 219

Long-term trend remains to be bullish. ETH/EUR downside capped by 55- EMA in the four hours chart and any break below confirms minor weakness.

The major resistance is around 380 (100% projection from 221 to 320.55 till 281.50) and any break above targets 437 (161.8% projection of 113 to 246.70 till 221). Short term support is seen at 300 (cloud bottom) and any break below will drag the pair till 221 (Jun 7th 2017 low)/219 (200 - 4H MA).

It is good to buy on dips around 300 with SL around 250 for the TP of 380/430.