Mobility May Increase in Arbitrum (ARB): At Critical Level!

What is the latest situation in Arbitrum (ARB), which has risen to a critical level with Ethereum (ETH) gaining momentum?

Bitcoin (BTC) breaking $47,000 and Ethereum (ETH) breaking $2500 painted the crypto industry green. While almost all altcoins moved upwards, it did not go unnoticed that some projects approached significant levels. At the forefront of these projects was Arbitrum (ARB), the apple of the eye of Layer-2.

ARB, which has managed to maintain its upward momentum since $ 1.70, is based on the two dollar band. ARB, which is traded at $ 1.96 as of the writing of the news, may be eyeing higher levels if Layer-2s come to the fore, ETH rises or BTC dominance falls. In such a scenario, the levels of 2.01 – 2.11 – 2.27 and 2.42 dollars, respectively, can be viewed as resistance for ARB.

If ETH cannot sustain above $2,500, different trends make Layer-2s forgotten, or ARB cannot exceed two dollars, the sellers' hand will be strengthened. In such a scenario, a retreat towards 1.65 – 1.45 – 1.20 and 1.21 dollars, respectively, may be seen. In particular, the loss of $ 1.65 could take the selling wave to a much larger size.
$BTC $ARB