ETH/EUR pair has broken all-time high at 28.50 yesterday and jumped sharply till 39.52. ETH/EUR hits fresh all-time high and any minor weakness can be seen only below 33.40 (21- H EMA) level (KRAKEN). It is currently trading around 37.39 at the time of writing.

Ichimoku analysis of hourly chart shows:

Tenkan-Sen level: 35.15

Kijun-Sen level: 32.96

Major Trend reversal level - (daily Kijun-Sen) – 19.95

Long-term trend remains to be bullish. ETH/EUR struggles to break below 35 hourly Tenken-Sen and any break below 35 will drag the pair till 33.76.

The major resistance is around 40 and any break above targets 42.49 (161.8% retracement of 38 and 30.79. Short term support is seen at 35 (hourly Tenken-Sen) and any break below will drag the pair till 33.76 (23.6% retracement of 15.15 and 39.52)/32.95 (Hourly Kijun-Sen).