Ethereum (ETH) Price Analysis – January 14

  • ETH will rise to reach the previous levels of $140 and $ 165 if the support level at $117.94 holds.
  • If the bears break the $117.94 price level, the crypto's price will fall to the previous lows of $102 and $110.                                                                                                               

Ethereum, ETHUSD, CryptoCompare chartEthereum Chart By Trading View

ETHUSD Medium-term Trend: Bearish

  • Resistance Levels: $230, $240, $250
  • Support Levels: $110, $100, $90   

Last week, the price of Ethereum was in a bullish trend as the crypto made unsuccessful attempts to break the $160 resistance level. On January 10, the bears broke the 12-day EMA, the 26-day EMA and the price fell to the low of $129.50 price level.  Later the crypto further depreciated to the low of $117.94.

This was the previous low of December 27, where the bearish trend made a reversal. On the upside, if the bulls take possession of price, the crypto will rise and reach the previous levels of $140 and $ 165. On the downside, if the bears break the $117.94 price level, the crypto's price will fall the previous lows of $102  and $110.

Meanwhile, the stochastic indicator is in the oversold region but below the 20% range which indicates that the price of Ethereum is in a bearish momentum and a sell signal.

ETHUSD Short-term Trend: Bearish         

Ethereum, ETHUSD, CryptoCompare chartEthereum Chart By Trading View           

On the 4-hour chart, the price of Ethereum was in a bearish trend zone. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to $127.44. At the low of $127.44, the crypto was making a range bound movement where it was resisted and the price fell to the low of $116.79.

If this support level holds the bulls will commence a bullish movement to the bullish trend zone. Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This indicates that the price of Ethereum is in a  bullish momentum and a buy-sell signal.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.                                                                                                       

Chainalysis Launches Real-Time Suspicious Transaction Alerts for 15 Cryptocurrencies

Blockchain intelligence firm Chainalysis has introduced "suspicious cryptocurrency transaction alerts" in "Chainalysis Know Your Transaction (KYT)", its "real-time anti-money laundering (AML) compliance solution".

Chainalysis, which was founded in 2014 by Dr. Michael Gronager (the current Chief Executive Officer), Jan Moller (the current Chief Technology Officer), Jonathan Levin (the current Chief Operating Officer), is a company with two main products:

  • Chainalysis Reactor -- its investigation software suite
  • Chainalysis Kknow Your Transaction (KYT) -- its compliance software suite

Chainalysis KYT supports "real-time transaction screening"; "case management capabilities"; "enhanced due diligence"; and "KYT for token issuers".

In a press release published on its blog on Thursday (August 22), Chainalysis says that Chainalysis KYT's alerts are "designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources."

John Dempsey, VP Product, Chainalysis, had this to say:

As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices.

According to Chainalysis, this new feature results in alerts being generated "whenever a transfer involves a risky counterparty and crosses a value threshold." Alert levels (Severe, High, Medium, and Low) are "based on factors such as category, service, direct versus indirect exposure, direction of funds, and amount," and are available for all 15 cryptocurrencies that Chainalysis supports (including BTC, ETH, BCH, LTC, USDT, and DAI).

Michael Breu, Gemini's Chief Compliance Officer, also chose to comment on this announcement:

As a New York Trust company we are required to monitor transactions on and off our platform. Tools like KYT alerts, which provide real time and ongoing blockchain analysis, coupled with Gemini's own compliance policies, help us meet our regulatory obligations.

 

Featured Image Credit: Photo via Pixabay.com