Arbitrum (ARB) has surged 30% over the past week, reigniting investor interest in one of the leading Layer 2 solutions in the Ethereum ecosystem. With price momentum accelerating and on-chain activity hitting multi-month highs, the market is closely watching whether this rally can carry ARB toward a key target of $0.76. Trading at $0.35 as of late June, Arbitrum has climbed from a recent low of $0.26, fueled by a mix of speculative sentiment, strong fundamentals, and technical indicators pointing to further upside potential.
But what’s behind this sudden surge? And can the momentum sustain long enough to confirm a major breakout?
What’s Driving Arbitrum’s 30% Price Surge?
The recent rally in Arbitrum’s price isn’t just a flash in the pan—it’s backed by a confluence of market dynamics that are aligning in favor of continued bullish momentum.
Market Speculation Around Robinhood Partnership
One of the biggest catalysts for the recent price jump has been speculation around a potential partnership between Arbitrum and Robinhood, the popular retail trading platform. The rumors gained traction after an announcement on X (formerly Twitter) revealed that Robinhood would be meeting with Offchain Labs, the team behind Arbitrum.
While no formal collaboration has been confirmed, the mere possibility of ARB being listed or integrated into Robinhood’s growing crypto offerings has sparked significant excitement. Robinhood has steadily expanded its digital asset services, recently launching futures for XRP and Solana, which adds credibility to the idea that Arbitrum could be next.
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Market sentiment reflects this optimism. According to Santiment, Arbitrum’s weighted sentiment score has reached its highest level since December 2023—indicating a strong shift in trader psychology toward bullishness.
However, investors should remain cautious. Similar rumors circulated earlier in the year without resulting in any official announcement. Until a concrete partnership is confirmed, this remains speculative—but powerful—market fuel.
Strong On-Chain Activity Signals Network Growth
Beyond speculation, Arbitrum’s fundamentals are showing real strength. On-chain data from DeFiLlama reveals that returning active addresses on the network have surged past 446,000—the highest level since early March.
This uptick in user engagement suggests growing adoption of Arbitrum-based decentralized applications (dApps), including leading DeFi protocols and NFT platforms. As transaction volumes and user activity rise, so does the underlying value proposition of the ARB token, especially if fee revenue sharing or governance participation increases.
With Arbitrum consistently ranking among the top Layer 2 networks by Total Value Locked (TVL) and daily transactions, sustained network usage could act as a long-term price support—even if short-term speculation fades.
Increased Market Maker Participation Boosts Liquidity
Another critical factor supporting the rally is the re-emergence of major market makers in the ARB ecosystem.
Data from Lookonchain shows that GSR Markets recently increased its ARB trading activity after receiving 20 million tokens from the Gelato Network. Additionally, Anchorage Digital Custody transferred 50.1 million ARB tokens to Wintermute’s hot wallets, while a wallet linked to Monetalis acquired over 42 million ARB tokens—worth more than $12.88 million at current prices.
These movements suggest that institutional-grade traders are positioning themselves ahead of potential volatility or breakout events. Increased market maker involvement typically enhances liquidity, reduces slippage, and helps stabilize price action during sharp moves—making it easier for retail traders to enter and exit positions.
Technical Outlook: Is a 69% Rally on the Horizon?
From a technical perspective, Arbitrum appears to be forming a bullish double-bottom pattern—a classic reversal setup that often precedes strong upward moves.
Double-Bottom Pattern Signals Major Breakout Potential
The pattern began taking shape after ARB hit a low of $0.267 in late December 2024 and held that level during a retest in late June. Since then, price has bounced strongly to $0.36, forming two distinct troughs at roughly the same support level—confirming the double-bottom structure.
The first key target lies at the "neckline" resistance of $0.45. A break above this level would confirm the pattern’s validity and open the door for further gains. At current prices, ARB is just 25% away from this critical threshold.
Once $0.45 is cleared, the projected price target based on the double-bottom measurement stands at **$0.76**—a 69% increase from the breakout point.
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RSI Warning: Momentum Still Cautious
Despite the bullish setup, there’s a caveat: the Relative Strength Index (RSI) remains below 50, currently sitting at 44. This indicates that momentum is still technically bearish and that buyers haven’t yet taken full control.
If selling pressure returns before $0.45 is breached, bears could defend this resistance and potentially invalidate the pattern. However, with strong on-chain metrics and growing market maker interest, the odds appear tilted in favor of a successful breakout—provided broader market conditions remain stable.
Frequently Asked Questions (FAQs)
What is causing Arbitrum’s price to rise?
Arbitrum’s price surge is driven by speculation around a potential Robinhood partnership, increased on-chain activity, and rising participation from institutional market makers like Wintermute and GSR.
Can ARB sustain its upward momentum?
Yes—if buying pressure continues and trading volume remains high. However, the RSI being below 50 suggests caution, as momentum hasn’t fully shifted to bulls yet.
What is the next key resistance level for ARB?
The most important resistance level is $0.45, which acts as the neckline of the double-bottom pattern. A confirmed breakout above this level could trigger a rally toward $0.76.
Is Arbitrum a good long-term investment?
Given its position as a leading Ethereum Layer 2 solution with strong developer activity and DeFi adoption, Arbitrum has solid long-term fundamentals. However, investors should assess risk tolerance and conduct independent research.
How does market maker activity affect ARB’s price?
Market makers improve liquidity and reduce volatility spikes. Their recent accumulation suggests confidence in near-term price stability or upside potential.
What would confirm a bullish breakout for ARB?
A sustained close above $0.45 on high volume would confirm the double-bottom pattern and increase the likelihood of reaching $0.76.
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Final Thoughts: Bullish Setup Meets Real-World Adoption
Arbitrum’s 30% rally is more than just rumor-driven speculation—it’s underpinned by tangible improvements in network usage, growing institutional interest, and a compelling technical structure.
While the rumored Robinhood partnership remains unconfirmed, it has undeniably acted as a catalyst for renewed market attention. More importantly, Arbitrum’s core ecosystem continues to expand, with increasing DeFi activity and robust infrastructure development reinforcing its status as a top-tier scaling solution.
If ARB can break and hold above $0.45, the path to $0.76 becomes increasingly viable. Even if short-term gains stall, the combination of strong fundamentals and improving sentiment suggests that Arbitrum is well-positioned for future growth.
For traders and investors alike, keeping an eye on both on-chain metrics and technical levels will be crucial in navigating the next phase of this rally.
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