$ARB 1h This close looks just like the last clearance sale before a supermarket shuts its doors—the price broke below the previous low of 0.1878 and now sits at 0.18728, down 5.49% over 24 hours, with the downtrend picking right back up. Conditions across Layer 2 have been mixed lately, and the Ethereum ecosystem hasn’t offered any tailwinds either. There’s a bullish FVG below at 0.17445–0.18168, still 2.99% below the current price. There’s a cushion, but it’s paper-thin. The momentum is weak, the structure is clearly pointing down, and there’s not even been a decent bounce to speak of. After this sharp drop, the price will probably have to grind lower for a while.