Cryptocurrency analyst Crypto Patel predicted: Ethereum layer 2 Arbitrum could hit 7,400%, providing a bullish outlook for the altcoin. He also identified key levels for investors to watch for this potential upside position.
Arbitrum Eyes 7,400% operates at 96% discount from ATH
in ×postCrypto Patel predicted that Arbitrum's price is currently down 96% from its all-time high (ATH) of $2.40 and could rise by $7,400. He pointed out that the ARB was trapped within a brutal organization. down channel After the 2024 high, it led to a 96% crash from ATH. The analyst added that retail investors were caught in a bullish trap with each small pullback before the next leg was down.
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Commenting on the current Arbitrum price action, Crypto Patel revealed that the price after the liquidation phase is above the higher risk and longer time frame accumulation zone. He added that ARB showed signs of real strength for the first time, with the price up 57% from its lows. This longer time frame is high risk accumulation zone Especially between $0.095 and $0.07.
Krypto Patel said market participants should keep an eye on breakouts and retests of the downtrend line. It is also possible for liquidity to fall below the dynamic trend line. on the other hand, bullish structure Valid only for more than $0.27 refund. If Arbitrum's two-week closing price falls below $0.065, invalidation may occur.
The analyst also said that descending channels often display multiple false reversals before an actual reversal occurs, as in this case. Krypto Patel reiterated the key levels to watch, including the higher time frame demand zone, breakdown zone, and trend recovery zone. meanwhile, bull cycle Targets are $0.27, $0.50, $1.2, $2.5, and $5.
ARB price movement is similar to 2020 price movement
in ×postcrypto analyst Michael van de Poppe said that Arbitrum is one of many altcoins that has similarities to early 2020 in terms of price movements. he pointed out that he was strong bullish divergence This indicates that the altcoin is poised to record a bullish reversal.
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He highlighted other positives for Arbitrum, including a clear break above its 21-day moving average (MA). At the same time, volume is starting to increase and it is gaining momentum like other tokens. Ethereum ecosystem It also happens. Michael van de Poppe pointed out that this is the first time since the summer of 2025 that the 21-day moving average has been crossed. He added that ARB is currently in the process of building the foundation.
At the time of writing, Arbitrum price is trading around $0.1241, down more than 2% in the past 24 hours. data From CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
