ETH/EUR is seen trading slightly below on Tuesday. The pair formed a minor bottom at 9.65 and jumped slightly from that level (KRAKEN). It is currently trading around 9.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 9.05

Kijun-Sen level: 9.79

Trend reversal level - (100 day MA) – 10.61

Long-term trend remains to be bearish. ETH/EUR upside is capped by 9- day EMA and any close above confirms minor bullishness.

The major resistance is around 9.95 and any violation above targets 10.34 (50% retracement of 12.92 and 7.80) /10.61 (55- day EMA)/11.00 (50- day MA). Short-term support is seen at 9.32 (Nov 1st low) and any violation below targets 8.75 (61.8% retracement of 7.80 and 10.30)/7.80 (Oct 29th low).