Arbitrum (ARB) critical turn: Will the rise continue?

As Ethereum (ETH) rises alongside the attack, which levels can be tested on Arbitrum (ARB)?

Spot ETH ETF news has ignited the altcoin market. Particularly, the sharp increases in Layer-2 projects have caught attention. When it comes to Layer-2, Arbitrum, one of the first projects that come to mind, has pleased its investors after a long time. Which levels are becoming increasingly important for ARB, closely followed by the Turkish crypto ecosystem?

What levels are important to follow for Arbitrum (ARB)?

As of the writing of the news, ARB trading at $1.1814 may aim for higher levels in case Layer-2 solutions come to the forefront, ETH rises, or BTC dominance decreases. Currently overshadowed by other altcoins, ARB can take the lead in the near future. In such a scenario, a movement towards $1.2338 - $1.4588 - $1.6114 - $1.70 - $1.80 - $2.1069 - $2.2767 and $2.4240 may occur. In the short to medium term, the range of $1.70 - $1.80 may be a strong seller zone.

Layer-2's failure to gain traction, ETH staying below $3750, or BTC failing to convert $70,000 into support could create selling pressure on ARB over time. In such a scenario, a pullback to $0.9908, $0.8029, and $0.7319 respectively may occur. The price movement within the buying zone of $0.8029 - $0.7319 will be decisive.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.