Arbitrum (ARB) has turned away from a critical zone: Will it rise?

With the decline of Ethereum (ETH), Arbitrum (ARB) has encountered selling pressure at a critical point.

With the approval of the Ethereum spot ETF, Arbitrum gained momentum, delighting both investors and the ecosystem. The altcoin, which had kept its investors waiting for a long time, lost its upward momentum due to the decline in ETH. It seems that selling-oriented transactions will increase after ARB received a rejection from a critical resistance level in a short period. So, what levels should ARB investors pay attention to?

The decline in Arbitrum (ARB) has caused panic among investors.

After failing to exceed $1.23, ARB started a downward movement and quickly reached $1.12. ARB stands out among altcoins that lost value due to the weakening of the ETH agenda. The layer-2 project, which remained ineffective during the rising trends, is exposed to heavy selling during the downward trends. H

ARB, which is currently trading at $1.12, can target $1.45 - $1.61 - $1.7 - $1.8 - $2.10 - $2.27 - and $2.42 if it settles above $1.23. In the short to medium term, sellers may dominate in the $1.70 - $1.80 range.

The continuation of the bloodshed in Ethereum, the failure of layer-2s to stand out, or an increase in the tendency towards other trends, can deepen the decline in ARB. In such a scenario, retracements towards $0.99, $0.80, and $0.73 respectively may occur. If the green zone is lost, a new decline scenario may begin for ARB.

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

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