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Arbitrum

10,000 New Users Join $ETH's Layer-2 Arbitrum, ARB Price Eyes $2Over the past week, 10,000 new users have joined the Ethereum Layer-2 Arbitrum network, with the price of Arbitrum ( AMEX:ARB ) eyeing a significant milestone at $1.50. With anticipation of Ethereum ETF inflows, many of the 1.51 million AMEX:ARB investors are likely to hold their assets, potentially catalyzing further price fluctuations. The Arbitrum community has opened a snapshot vote for its Gaming Catalyst Plan proposal, which aims to allocate 200 million AMEX:ARB to game projects within the ARB ecosystem. The Arbitrum Foundation will use time and resources to create legal entities for the Game Working Group, considered the interim custodian until the mission is defined and the DAO approval obtained. The necessary details of the proposal will be mapped out and submitted to the DAO, and the group will return with a final staffing plan and interim funding request within 30 days of the proposal's adoption. The proposal has majority support as seen on Tally.xyz. Arbitrum ( AMEX:ARB ) has been moving in tandem with Ethereum, clocking 28% over the past week. Earlier this year in January 2024, the AMEX:ARB price touched an all-time high of $2.4. The Arbitrum price has also clocked 28% over the past week. At the time of writing, AMEX:ARB price is $1.2291, up nearly 20% since Sunday, May 12. The token has sustained its gains of 17.60% from the week, rallying towards the May 23 high of $1.2600.
Long
by DEXWireNews
Arb local swing trade ideaARB followed Ethereum and pumped around 25%! Rumours now around EthereumETF can push the prices to new ath for many coins. BINANCE:ARBUSDT Possible Targets and explanation idea ➡️Weekly timeframe, after listing still relevant fib. IAP model ➡️We come back and close W October 2023 Fvg in May 2024 ➡️Based on my money power indicator you can see periods where whales inflow money ➡️Local swing trade target its a new ath around 200% everything what above -open space Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Arbitrum ($ARB) Set for a Bullish Breakout soonThe Arbitrum DAO has approved an eight-week pilot M&A program following overwhelming support for the proposal. On-chain metrics suggest that Arbitrum ( AMEX:ARB ) may experience a rally soon, despite a recent 7.5% increase in its value. The pilot program received over 99% support from DAO members and aims to conduct data-driven research and discussions to inform the Arbitrum DAO's decision on the operationalization and funding requirements of the M&A unit. The goal is to utilize M&A as a growth driver for the Arbitrum ecosystem, expanding non-organically through acquisition opportunities to enhance capital allocation methods. Additionally, on-chain metrics indicate potential for a rally in AMEX:ARB 's value. Despite the recent gain, a significant percentage of ARB addresses are still out-of-the-money, suggesting that investors may be holding onto their assets in anticipation of tangible price appreciation. Furthermore, with 55% of ARB's circulating supply held in out-of-the-money addresses, caution is advised for investors looking to open a position in the Ethereum Layer 2 altcoin, especially considering the large holdings by whales. Although recent activity has shown equal participation from bulls and bears, recent price movement suggests signs of a potential rally. The market value to realize value (MVRV) ratio has also confirmed these rally signs with a 6.54% growth in the past 24 hours. It is important to note that a bearish change in the general crypto market sentiment could invalidate this thesis.
Long
by DEXWireNews
#ARBUSDT.P #Analysis & #LongSetup #Eddy#ARBUSDT.P #Analysis & #LongSetup #Eddy For example, in an altcoin"Arbitrum", I have provided you with proper analysis & long setup so that you are aware of the general movements of the market and other altcoins & don't rush to buy, the structure is not complete. ((This analysis was based on the liquidity structure and its combination with other styles, including : PA,RTM,ICT,VT,Lvl2+3,DOW,Wyckoff,...)) >> The possibility of growth and explosion of altcoins is very high & they can see much higher targets. Be sure to visit Bitcoin analysis update :
by Eddy_Trade_
1
Trade Idea for Arbitrum (ARB) - Accumulation StrategyArbitrum (ARB) is currently trading at approximately $1.20, with recent fluctuations between $1.06 and $1.20 over the past week. The 24-hour trading volume is notably high, around $694.90 million, which underscores significant market activity. With a market capitalization of about $3.19 billion, ARB is a major player in the Layer-2 scaling solutions for Ethereum, aimed at reducing fees and transaction times​ (Binance)​​ (CoinGecko)​. Consider buying ARB at the current market price of $1.20. Given the current market conditions and Arbitrum’s role in enhancing Ethereum's scalability, this price provides an entry into a significant blockchain infrastructure component. If the price drops to $1.00 or further to $0.80, these levels should be considered as additional buying opportunities. This strategy allows for averaging down the entry price while increasing exposure to ARB during price dips. Set a conservative sell target around $1.40, $1.60, $2.00, $2.20, which is slightly above the recent price fluctuations. Further targets could be adjusted based on ongoing market developments and Arbitrum’s performance in the broader crypto ecosystem. As a Layer-2 solution, Arbitrum directly addresses the high cost and slow transaction times of Ethereum by aggregating transactions in batches. This technical utility is crucial as Ethereum continues to be the backbone of various decentralized applications. The recent trading volume and price stability indicate a robust trading interest and potentially undervalued position given its technological proposition​. This strategy indicates a readiness to hold through potential volatility, suitable for investors with a higher risk tolerance and a long-term perspective on their investment in blockchain technology infrastructures. Investing in ARB aligns with a strategic stake in Ethereum's scaling solutions, which are pivotal as the blockchain space evolves. The phased buying approach mitigates risks associated with price volatility and capitalizes on potential upswings prompted by broader adoption or technological milestones. This trade idea is based on the current market dynamics and Arbitrum's strategic role within the Ethereum ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice
Long
by icordkaz
1
Arbitrum ARB price suspends its fallTo be honest, I don't really understand why "crypto people" expect some kind of miracle from ARB ? 🤷 The effect of "it's a pity to throw it away - let it be" probably works more here. So explain to me who should buy #Arbitrum so that its price goes up by super X? If there are a bunch of "Homunculus loxodontus" who were given AMEX:ARB for billions of dollars just like that, and they are sitting and waiting to sell "very expensive" and do not plan to buy #ARBUSDT anymore... But the laws of economics work a little differently... So, if you look at the ARBUSDT chart, if everything goes well, the ARB price should not fall below $0.90 🚀 The targets for the ARB price growth are shown schematically on the chart. We don't believe in a sharp rise in the #ARBUSD price, it's too heavy a coin. However, a x2-x3 increase during 2024 is quite realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
ARB/USDT Preparing for a Bullish Reversal From a Key Support? 🚀💎Paradisers, let's explore the latest developments in the #ARBUSDT market, where some intriguing trends are unfolding. 💎Currently, #ARB is challenging the resistance in a descending channel. If it manages to break through, it could indicate a bullish reversal, potentially setting the stage to re-test the key resistance zone mentioned earlier. 💎However, if #Arbitrum fails to clear this resistance and is rejected, it could mean a downward shift, possibly sending the price back to the weekly OB (Order Block) area to regain upward momentum. 💎The weekly OB area is crucial for $ARB. If the price stays within this zone, it could offer a great buying opportunity, with a potential bounce leading to bullish gains. But if #ARB breaks below this level, it might signal a deeper downward trend. 💎Stay sharp and be prepared to adjust your strategy as we keep a close watch on the #ARB market dynamics.
Long
by MyCryptoParadise_Simon
1
ARB UPDATE (1D)This is an update to the analysis you see in the "Related Ideas" section The previous scenario is still valid. We have a large diametric that we are in wave D of which we also reached the green range of the previous analysis and the price reacted to this support range. But the point is that the time of the D wave cannot end so soon. From the specified supply, we expect a downward price rejection. Between the two vertical lines on the chart (on August 24 to September 25), wave D can end and the price can enter bullish wave E. Closing a candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
Long-Term ARB Coin Analysis! Where Will We Buy?#ARB We believe that unless ARB coin closes daily candles above the resistance level of $2.165, it will initiate a downward movement. However, for it to experience a decline, it first needs to break below the support of $1.933, followed by daily candle closures below the $1.743 support. For ARB coin, our areas for spot buying are as follows: $1.544 - $1.409 levels (Blue lines). If a downturn occurs to our buying zones, we will invest for the long term. If the price continues its upward trend without reaching our buying zones, we will cancel the analysis. However, our buying orders will be placed at $1.544 - $1.409 levels unless it surpasses the resistances of $2.165 - $2.42. WAGMI NFA
by wagmitraders
6
ARB UPDATE (6H)ARB appears to be forming a large diametric that has now entered wave D. From the green range it is expected to support and start the bullish wave E. We consider such a pattern and path for ARB. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
1