$ARB is recovering and showing a sign of strength

Arbitrum, which was dumped from $1.8, and didn’t stopped until $.92, is finally showing a reversal and is at $1.21, also up by 6% today.

This is because Many people wanna front run the EIP-4844 catalyst. The EIP -4844 is a strong narrative for ETH & L2s like $ARB to pump.

Although it takes time for the events like this, but I guess it is about to be priced in before it takes place. Expected it to be around August -October, but $ARB is looking bullish and strong in this market right now.

Even the Volume on Arb Dexs has increased over 45%+, in this weekly change with total volume exceeding $425M in the last 24H in ARB Dexs.