GMX price

Arbitrum (ARB), one of the leading Ethereum Layer-2 scaling solutions, is witnessing a strong price rebound today. Trading around $0.59, ARB has gained nearly 18% in the past 24 hours, supported by rising trading volumes, a surge in on-chain activity, and renewed investor confidence in its ecosystem. With Ethereum showing strength near multi-year highs, the ARB price is benefiting as capital flows back into high-utility Layer-2 tokens. The question now is whether this momentum can carry ARB above key resistance zones and spark a larger rally in the weeks ahead. Arbitrum Ecosystem is Strengthening Recent ecosystem news—such as Ronin (Axie Infinity’s chain) considering migration to Arbitrum Orbit and Offchain Labs’ acquisition of ZeroDev—signals growing institutional adoption and developer confidence. Additionally, the resolution of GMX’s $44M exploit has helped remove uncertainty from one of Arbitrum’s most important DeFi protocols, further boosting trust in the ecosystem. On the adoption front, capital inflows remain significant. Data shows that Arbitrum has attracted over $176 million in inflows this month, outpacing other competing chains. Its Total Value Locked (TVL) currently sits at $4.75 billion, with daily DEX volumes approaching $900 million. These numbers underline ARB’s role as a hub for DeFi activity and reinforce its utility within the Ethereum scaling ecosystem. Besides, on-chain activity is another major factor behind today’s rally. Active addresses are up 16% this week and 32% this month, while rolling 30-day token trading volume has surged 55%. Arbiscan data also recorded over 3.31 million transactions in a single day, alongside 112,000 new addresses—a clear signal of accelerating adoption. Rising participation across both retail users and DeFi protocols strengthens the case for sustained demand for ARB tokens. ARB Price Analysis: Will it Reach $1? Arbitrum (ARB) is showing renewed strength as its price climbs within a well-defined ascending channel, fueled by rising trading volume and bullish technical indicators. Currently trading near $0.59, the Layer-2 token is testing key resistance zones while maintaining strong support levels. With RSI momentum and a bullish MACD crossover, ARB appears primed for further upside. ARB has been respecting an upward-sloping channel since June, consistently bouncing between support and resistance lines, highlighting a strong uptrend. The token is currently hovering around the $0.59 zone, a crucial level just below channel resistance at $0.65. A decisive breakout above this zone could spark the next bullish leg, unlocking potential upside targets at $0.79 and eventually $0.97. On the downside, immediate support lies at $0.55, a level that has flipped multiple times between support and resistance. A breakdown below $0.55 could lead to a deeper pullback toward $0.49, which aligns with the channel bottom and acts as a must-hold zone for bulls. The Relative Strength Index (RSI) is currently sitting at 63, suggesting that bullish momentum is building but has not yet reached overbought territory. This leaves room for further gains before a corrective move becomes more likely, supporting the case for continued upside. The MACD has recently shown a bullish crossover, with the MACD line moving above the signal line, reinforcing the strength of the rally. Rising trading volume also supports the momentum, indicating that buyers are actively participating in this breakout attempt. Arbitrum’s strong technical setup, increasing network activity, and growing ecosystem support its current bullish momentum. As long as ARB holds above key support levels, the path toward higher resistance zones remains intact. With sustained demand and Ethereum’s broader strength, Arbitrum has a realistic possibility of testing the $1 mark before the end of 2025.