ETH/EUR pair breaks resistance of 325 all- time high made on Jun 10th 2017 and jumped till 385 levels (KRAKEN). It is currently trading around 361 at the time of writing.

Ichimoku analysis of 4-Hour Chart shows:

Tenkan-Sen level: 315

Kijun-Sen level: 287

Minor Trend reversal level - (200 4H MA) – 165.98

Long-term trend remains to be bullish. ETH/EUR downside is capped by 23.6% fibo at 320, and any minor weakness can be seen only below that level.

The major resistance is around 380 (100% projection from 221 to 320.55 till 281.50) and any break above targets 437 (161.8% projection of 113 to 246.70 till 221). Short term support is seen at 320 (23.6% retracement of 113 to 385) and any break below will drag the pair till 288 (21 -EMA)/ 232 (89- 4H EMA).

It is good to buy on dips around 320 with SL around 288 for the TP of 385/437.