- ARB price has followed a similar fractal pattern as the Bullish Breakout in September 2024.
- The revival of Crypto Fomo could activate a parabolic rally for ARB price in the near future.
The gradual recovery of Ethereum (ETH), above $ 1.7k in recent days, is reflective in its layer two (L2) ecosystem, led by Arbitrum (Arm). The renewed Altcoin interest of whale investors has rejuvenated a bullish sentiment, because Bitcoin (BTC) price returned to the crucial level of support of around $ 92k.
In the past seven days, ARB Price has set more than 18 percent to trade around 33 cents on Wednesday 23 April during the American trade session of Mid-North. The large Cap Altcoin, with a completely diluted appreciation of around $ 3.3 billion and an average trade volume of 24 hours of around $ 229 million, is trapped in a falling trend of several months.
What for ARB price now
After he was caught in a falling trend YTD, the ARB price broke from a falling logarithmic trend in recent days, which indicates a potential macoma barrier. Moreover, a similar reversal pattern took place between September and November 2024, but it was overshadowed by the YTD sale.
With the Daily Relative Strength Index (RSI), which for the first time in 2025 it was reduced above the level of 50 percent, it is safe to assume that a reversal is imminent. Moreover, the daily MACD indicator is about to transition to Bullish sentiment.
In the case of further bullish sentiment, the ARB price strives for 47 cents in the short term and $ 1.2 in the coming months.
Dadisters of Arbitrum’s Fundamentals
The Arbitrum network has grown in the past year into a lively web3 ecosystem on the Ethereum -Blockchain. At the moment, dozens of Defi protocols have already used the Arbitrum network, so the total value locked (TVL) floating by around $ 2.22 billion and the market capitalization of Stablecoins by around $ 2.86 billion.
In the recent past, however, the Arbitrum network has had to deal with intense competition from Coinbase Global-Backed Base. According to Defillama market data, Base Network has a TVL of approximately $ 2.7 billion and a stablecoins market capitalization of around $ 4.11 billion.
