Arbitrum Price Stalls as Trendline Breakout Fails

Arbitrum (ARB) is Ethereum's leading Layer-2 scaling network. It has been testing an important resistance trendline after a strong July rally, and traders are watching to see if this breakout can trigger another bullish move.

The recent tap on the trendline came with visibly lighter selling pressure than previous taps, which could set the tone for the next leg up or down.

A close above $0.0803 on the 4-hour chart would open the door to $0.0920 and $0.1013, while a close below $0.0753 shifts focus to $0.0705.

The current price is near $0.0781, and a confirmed close above or below these levels will determine whether the trendline breakout has real follow-through.