ETH/EUR is seen trading slightly below on Thursday after the rise. The pair declined sharply after jumping till 10.95 (KRAKEN) and is currently trading slightly below 200- day MA at 10.15 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 8.60

Kijun-Sen level: 8.5900

Minor trend reversal level- 8.35 (Dec 8, 2016, high)

Major Trend reversal level - (100 days MA) – 9.32

The long-term trend seems to be neutral. ETH/EUR upside capped by 76.4% fibo and any further bullishness can be seen above that level. 

The major resistance is around 11.12 (76.4% retracement of Oct 30th high) any break above targets 11.78 (Oct 17th, 2016 high).The minor resistance is around 10.30/10.95. Short-term support is seen at 9.29 (100 day MA) and any break below will drag the pair till 8.60 (daily Kijun-Sen)/8.24 (55- day EMA).