Arbitrum (ARB) Price Shows Bullish Momentum, Good To Buy Now?

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The post Arbitrum (ARB) Price Shows Bullish Momentum, Good To Buy Now? appeared first on Coinpedia Fintech News

Arbitrum experienced a 28.7% weekly surge following the Ethereum ETF approval, with 1,00,000 new users holding the asset, ARB tends to continue the upside movement.

Arbitrum Crypto since the Mid-march is in a correction phase as an impact of a market downtrend, but the bulls took control in May, dragging the price from $0.94 to $1.26.

The trend is supported by increased volume and network activity, wherein the active addresses hit a record high of 1.1 million.

As Arbitrum happens to be the Ethereum-affiliated top L2 blockchain, the inception of Ethereum ETFs is expected to push the price upward significantly.

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