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After yesterday’s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces 

At the time of writing, the Ethereum price trades at $1,540 with a 2% profit in 24 hours and a 2% loss in the previous seven days. Other cryptocurrencies in the top crypto top 10 by market capitalization follow this trend, but the majority record positive momentum. 
ETH’s price trends to the upside on the daily chart. Source: ETHUSDT Tradingview
Ethereum Price Sustains Positive Outlook
The current Ethereum price action has come as a shock for many market participants. As mentioned, market participants expected downside pressure after the U.S. Federal Reserve (Fed) reiterated its hawkish stance. 
However, the financial institution raised rates by 75 basis points (bps) within market expectations. The Fed and its Chairman Jerome Powell offered no surprise and will likely stay on their current course for 2022. 
Therefore, the crypto market can sustain its levels even as equities see losses. All major narratives in the nascent asset class have been suspended, at least until tomorrow, when the U.S. government will release new economic data. 
Talking about the recent price action in the crypto market, analyst Justin Bennet said: 
It would be ironic if markets rallied after Powell’s attempt to squash any hope at Wednesday’s FOMC. I’m not ruling it out. And to be honest I’m eyeing a few areas during this pullback in case we get it (…) Waiting for markets to digest FOMC and avoiding Friday’s NFP volatility for now.
A separate report from trading firm QCP Capital indicates that the Ethereum price remains bullish in the long run. The first believes that “The Merge” impact on the ecosystem will become palpable in the coming months. 
In that sense, “The Surge,” the next major milestone for Ethereum, will begin exercising more influence over the crypto market. This event will complete Ethereum’s transition to a more scalable ecosystem with a project transaction per second (TPS) almost twice as high as Visa and Mastercard at 100,000. 

In addition, the trading firm noted a massive decrease in the ETH supply coming into the market. The amount of ETH supply issued stands at 7,000 versus 400,000 that would have been issued with the old consensus. All of these factors are poised to provide value for the ETH. Especially if macroeconomic forces mitigate their influence over risk assets. 


After yesterday&#8217;s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces  Related Reading: Arweave (AR) Rallies By Over 60%; Leve...

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Ethereum Price Holds at $1,500, Why There’s Hope For The Bulls


AR’s price shows much strength after breaking out from its long downtrend movement.  
AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27. 
AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA.

Arweave (AR) price showed some great price action as the price rallied from its weekly low of $8 as the price fell from a high of $90 in recent months. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Arweave (AR) has enjoyed this relief bounce happening in the crypto space as the price of AR continues to show great price movement on all timeframes. (Data from Binance)

Arweave (AR) Price Analysis On The Weekly Chart
The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more. 
The new week has looked more promising for some altcoins, like AR rallying with over 60% in less than 24 hours, showing the price action and volume for buy orders.
After dropping from its high of $90 some months back, the price of AR has maintained a downtrend price movement with little to no hope of a bounce. The week shows more bounces across the crypto space, with AR taking advantage of the relief bounce.
The price of AR saw its trade at a low of $8 on the weekly chart; the price swiftly bounced from this region as the price rebounded to a region of $15 as the price looked bullish to rally some more.
Weekly resistance for the price of AR – $16.
Weekly support for the price of AR – $8.
Price Analysis Of AR On The Daily (1D) Chart
Daily AR Price Chart | Source: ARUSDT On Tradingview.com
In the daily timeframe, the price of AR continues to be strong as bulls try to hold the price above its key support zone at $10, forming strong support to hold off the price from sellers.
AR currently trades at $15.15, just above its key support on the daily timeframe after successfully rallying and breaking out of its descending triangle with good volume. 
The price of AR continues to look strong, but the price needs to reclaim the region of 200 EMA, currently acting as strong resistance for the price to rally to a high of $27. If the price of AR breaks and closes above this region, we could see AR rallying a bit more.  
Daily resistance for the AR price – $16.
Daily support for the AR price – $10.

Featured Image From Invezz, Charts From Tradingview


AR&#8217;s price shows much strength after breaking out from its long downtrend movement.   AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27.  AR&#8217;s price remains strong on the daily timeframes as the price trades above the 50 Exponential Movi...

Arweave (AR) Rallies By Over 60%; Levels To Watch For Price Continuation

Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks.
As Will Clemente, Co-Founder of Reflexivity Research recently tweeted, SUSHI is currently “the cleanest trading sh*tcoin I’ve ever played. Whoever is market making this, 10/10 job.”
As the respected analyst stated, he prefers the $1.50 to $1.55 level for a buy, as there is a confluence with large bids on Binance and liquidity levels for late longs.

The hourly chart currently reveals that the SushiSwap token has broken the important $1.65 level on the downside in the 1-hour chart., making it vulnerable for further downside.
SUSHI breaches $1.65. Source: TradingView
However, on the daily chart, the SUSHI price is still in an ascending channel. If the trend holds and a bounce occurs in the $1.55 area, the next big target could be the 5-month high at $2.00. If SUSHI manages to retake this mark as well, all eyes could be on $2.75.
Source: TradingView
Fundamentals Backing The Case For SUSHI
The fundamentals support the thesis of a continued upward trend for SUSHI. Thus, the decentralized crypto exchange SushiSwap has recently approved a restructuring. The Sushi DAO community has approved the plan of establishing 3 companies for a new DAO.
This was necessary after the Ooki DAO was targeted by the US Commodity Futures Trading Commission (CFTC) on September 22 for alleged violations of US investment laws. As a result, SUSHI’s price fell below $1.50.
The restructuring thus removed the regulatory uncertainty that had burdened the price.

Very bullish in early October was also the news that asset manager GoldenTree took a $5.3 million stake in SushiSwap. Subsequently, the SUSHI token soared by 13%.
As Clemente explained after the announcement at the time, SushiSwap has made a positive turnaround after some negative news. First, a new chief executive, Jared Grey, was hired.
Next, $50B asset manager GoldenTree placed its bet on SUSDHI and expressed their commitment with a post on the Sushi forum. Clemente therefore believes:
Aside from the assumption that the brilliant Avi Felman and Goldentree will do everything in their power to not let their first major public crypto position go bust, I think this offers an interesting asymmetric opportunity for Sushi.
If Goldentree orchestrates 1 positive change, the market will extrapolate that they’ll make several more. Make 2 changes and the market will extrapolate out even further.
This could create a reflexive effect for the Sushi turnaround narrative.


Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks. As Will Cleme...

Arweave price	$9.53
Low - High 24H	$9.19 - $9.58
Market cap	$478.59M
Volume 24H	$23.25M
All time high	$89.24 -89.29% November 5th 2021
All time low	$0.298788 3098.62% January 31st 2020
Genesis date	N/A

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