Arbitrum Needs Ethereum's Help to Reach $1

Arbitrum (ARB) has staged an impressive rally from near record lows, but can it reach $1 again? The project currently trades at $0.23 and needs a significant 335% increase to hit that target.

The last time ARB traded near $1 was in late 2024, when it closed November at around $0.97 and peaked at about $1.24 in December.

Ethereum (ETH), the blockchain on which Arbitrum operates, also plays a crucial role in determining its trajectory. The Ethereum price only rose about 10% during the same period, suggesting that for ARB to reach $1, Ethereum may need to lead the way.