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ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

Published 03/29/2023, 06:26 AM
Updated 03/29/2023, 08:00 AM
© Reuters.
ETH/USD
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SOL/USD
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The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.

The cues for a bullish Arbitrum token could be traced back to its Ethereum L2 rival Polygon's market debut.

MATIC/USDT four-hour price chart. Source: TradingView/Mac
SOL/USD daily price chart. Source: TradingView/Mac
Optimism vs. Arbitrum monthly user retention rates. Source: Messari
ARB/USDT hourly price chart. Source: TradingView/Mac

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