ETH/EUR is seen trading above on Friday. The pair is consolidating after hitting all-time high of 246.99 on Jun 7th 2017 high (KRAKEN). It is currently trading around 236.97 at press time.

Ichimoku analysis (4-Hour Chart):

Tenkan-Sen level: 231.30

Kijun-Sen level: 232.73

Minor Trend reversal level - (200 4H MA) – 142.96

The long-term trend remains to be bullish. ETH/EUR downside is capped by 23.6% fibo, and any minor weakness can be seen only below that level.

The major resistance is around 250 (61.8% projection from 67.25 to 206 from 113) and any break above targets 263 (161.8% retracement of 206.79 and 113)/305. Short-term support is seen at 232 (4H Kijun-Sen) and any break below will drag the pair till 215 (23.6% retracement of 113 and 246.99)/ 203 (89- 4H EMA).

It is good to buy on dips around 220 with SL around 199 for the TP of 250/263.