ETH/EUR is seen trading below in red on Tuesday. The pair has slightly retreated till 10.25 after a slight jump till 10.62 yesterday (KRAKEN). It is currently trading around 10.30 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 10.43

Kijun-Sen level: 10.32

Trend reversal level - (90 days EMA) – 10.35

Long-term trend remains to be bullish. ETH/EUR forms temporary top around 11.30 (Aug 9th high). The pair should break above 11.30 further bullishness.

Major resistance is seen at 10.36 (55-day EMA) and any break above that level will take the pair till 10.57 (61.8% retracement of 11.30 and 9.40)/11.30 (Aug 9th low). Short-term support can be noticed at 9.95 (200-day MA) and any violation below will drag the pair till 9.40 (Aug 19th, 2016 low)/7.99.