ETH/EUR pair has formed a minor bottom around 150 and jumped sharply from that level (KRAKEN). It hits fresh all time high at 179.80 after breaking 175.64 high made on May 22nd 2017. It is currently trading around 168.48 at press time.

Ichimoku analysis 4-hour chart indicates:

Tenkan-Sen level: 152.19

Kijun-Sen level: 141.60

Minor Trend reversal level - (200 4H MA) – 80.30

Long-term trend remains to be bullish. ETH/EUR downside capped by 21 4H EMA and any break below targets 130/109.73.

The major resistance is around 180 and any break above targets 203 (161.8% retracement of 175.64 and 130)/200. Short term support is seen at 146 (21 4H EMA) and any break below will drag the pair till 130 (May 22nd low)/109 (89 4H EMA).

It is good to buy on dips around 145 with SL around 130 for the TP of 179/200.