According to crypto trader teshkid, Arbitrum (ARB) broke down after its massive rally up to $2.38 but is currently holding support at $2.09. The $2.09 level marks an important pivot point for ARB’s next directional move.
What you'll learn 👉
Key Support/Resistance Levels
- Resistance – $2.38: Stands as the recent higher high, a break above flips to support
- Support – $2.09: Holding for now but break below brings $1.82 target into play
- Secondary Support – $1.82: Critical downside level if $2.09 fails
With ARB currently consolidating following its parabolic surge up almost 100% over the past month, traders will closely watch price action at the defined support areas.
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Show more +Potential Reversal Setup
If ARB can reclaim $2.18 and flip the former breakout point to new support, it would signal a bullish trend resumption targeting a retest of $2.38 resistance.
The construct remains a buy-the-dip scenario within a longer-term uptrend as long as $2.09 and especially $1.82 hold. Losing those could signal a more prolonged correction.
With strong developer activity on Arbitrum based on TVL and usage metrics, the protocol stands well-positioned to continue gaining market share as a premier Ethereum layer 2 scaling solution.
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