ETH/EUR is seen trading slightly above on Monday. The pair has broken 200- day MA and jumped slightly from that level (KRAKEN). It is currently trading at 10.20 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 9.25

Kijun-Sen level: 8.83

Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)

Major Trend reversal level - (30 day EMA) – 8.32

Long-term trend remains to be neutral. ETH/EUR trades slightly above 200- day MA and a slight jump till 10.95 is possible.

The major resistance is around 9.96 (200- day MA) and any break above that level will take the pair till 10.48 (76.4% retracement of 10.95 and 8.82)/10.95 (Jan 5th high)/11.12 (76.4% retracement of 12.84 and 5.58). Short term support is seen at 9.25 (daily Tenken-Sen) and any break below will drag the pair till 8.83 (daily Kijun-Sen)/8.48 (60 days EMA)/8.30 (30- day EMA).