FxWirePro: ETH/EUR upside capped by 61.8% fibo, good to sell on rallies
ETH/EUR is seen trading well below on Thursday. The pair has formed a minor top around at 9.64 and retreated slightly from that level (KRAKEN). It is currently trading around 9.12 at the time of writing. Ichimoku analysi…
ETH/EUR is seen trading well below on Thursday. The pair has formed a minor top around at 9.64 and retreated slightly from that level (KRAKEN). It is currently trading around 9.12 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 9.27
Kijun-Sen level: 9.22
Trend reversal level - (100 day MA) – 10.48
Long-term trend remains to be bearish. ETH/EUR upside capped by 61.8 retracements of 10.30 and 8.8750. So a slight bullishness can be seen only above this level.
The major resistance is around 9.75 (61.8% retracement of 10.30 and 8.8750) and any violation above targets 10.00 (55- day EMA)/10.30 (30th Oct high). Short term support is seen at 8.75 (61.8% retracement of 7.80 and 10.30) and any break below targets 7.80 (Oct 29th low).
A separate 16-month sample ending in September 2026 found more than 87% of payments between $0.0001 and $0.10, but its window extends beyond the transaction tally’s cutoff.
