Arbitrum (ARB) Price Prediction: $0.48 Rejection Keeps Bulls on the Back Foot Amid Weak Structure

Arbitrum is trading near multi-month lows, with signs of accumulation emerging as on-chain metrics begin to firm up amid heavy drawdowns.

After months of underperformance, the ARB/ETH pair has now dropped over 85% from its peak, with the USDT pair showing similar weakness. This prolonged bleed has put Arbitrum under the microscope, as participants closely watch for signs of either deeper capitulation or a potential shift toward accumulation and recovery.

Arbitrum Bleeds Against ETH

The ARB/ETH pair just hit fresh lows, extending a brutal downtrend that has now erased over 85% of its value since the 2023 peak. According to the latest chart from Into The Cryptoverse, the ratio sits at just 0.000106, with nearly every timeframe flashing red, down 11% on the week, 21% on the month, and 47% year-over-year. This steady decline signals not just weakness in ARB itself, but consistent underperformance relative to Ethereum.

Arbitrum continues to underperform Ethereum, with the ARB/ETH ratio plunging over 85% from its peak. Source: Into The Cryptoverse via X

Technically, there’s little sign of reversal yet. The structure remains in a clean, sloping downtrend with no higher highs in sight. This kind of long-term bleed often subsides in the event of capitulation or after reaccumulation phases.

ARBUSDT Drawdown Nears -83% From ATH

Adding to the broader narrative of weakness, Arbitrum’s USDT pair is now down over 83% from its all-time high, according to the latest drawdown chart from Into The Cryptoverse. The visual captures a relentless bleed over the past year, but what stands out now is that price action is beginning to flatten out. For the first time in months, ARB is starting to carve out a potential range near the lows, which could evolve into a major bottoming structure.

Arbitrum’s USDT pair shows an 83% drawdown from its ATH, but price action now hints at early signs of base formation. Source: Into The Cryptoverse via X

Arbitrum Head-and-Shoulders Breakdown Targets Lower Levels

The chart from Jesse Peralta highlights a textbook head-and-shoulders pattern playing out on Arbitrum’s USDT pair, with price decisively breaking below the neckline around $0.41. This structure, often viewed as a bearish reversal signal, has now confirmed with a sharp move lower, and the projected breakdown range suggests ARB could revisit the $0.34 to $0.32 zone in the near term.

Arbitrum confirms a bearish head-and-shoulders breakdown, with downside targets now pointing toward the $0.32 to $0.34 zone. Source: Jesse Peralta via X

Technically, this fits into the broader downtrend we’ve seen across ARB’s ETH and USDT pairs. The failure to hold higher lows and the clean rejection at the right shoulder only reinforce the ongoing weakness in structure.

Arbitrum Finds Itself Back in Key Accumulation Zone

After an extended 84% drawdown from its all-time high, Arbitrum has returned to a technically significant accumulation zone between $0.30 and $0.40. As shown in the weekly chart shared by CryptoPatel, the price is now hovering near a multi-month support base, having respected the $0.26 to $0.28 floor several times. The structure resembles a potential bottoming phase, with sideways candles forming just below trendline resistance.

Arbitrum retests a key accumulation zone near $0.30–$0.40, with multi-month support holding as price compresses below trendline resistance. Source: CryptoPatel via X

The chart lays out confirmation above $0.48. Could this flip into a clean support, the Arbitrum Price Prediction could target levels ranging from $1 to $5 over the longer term. But until that breakout occurs, the focus remains on whether ARB can continue to consolidate within this range without breaching its $0.24 invalidation zone.

Momentum Builds as Fundamentals Quietly Support ARB

While price action remains weighed down, Arbitrum’s on-chain activity is showing signs of life. According to the latest post by BanditXBT, total value locked (TVL) on Arbitrum has jumped from $2.26B to $2.95B in just a week, an impressive $700M surge. DEX volumes are holding strong at $763M, with perpetuals pushing $421M in 24-hour turnover. Combined with solid app revenue and stable chain-level activity, these numbers suggest underlying user engagement is far from collapsing.

Arbitrum’s TVL surges by $700M in a week as DEX and perp volumes hold strong, hinting at growing on-chain strength. Source: BanditXBT via X

This shift aligns with the larger narrative forming across the recent technical charts: ARB may still be trending downward on price, but on-chain metrics are beginning to favor accumulation over exit. The price structure is starting to compress into a potential base, and with fundamentals firming up, bulls may soon have something tangible to work with.

Final Thoughts: Is Arbitrum Quietly Building a Base?

Despite the heavy drawdowns and bearish technicals, Arbitrum may be entering a phase of quiet rebuilding. The USDT and ETH pairs remain under pressure, but signs of range formation near multi-month lows hint that the worst could be behind. With the $0.26 to $0.28 support zone holding firm and $0.48 still acting as a key breakout trigger, the next move could be pivotal. Until then, ARB continues to hover in a wait-and-watch zone, where patient accumulation might start to outweigh panic selling.

Arbitrum’s current price is $0.38, down -2.36% in the last 24 hours. Source: Brave New Coin

The recent uptick in on-chain metrics, from TVL to app revenue, suggests that user activity hasn’t dried up, even if price hasn’t followed suit yet. If fundamentals stay firm and ARB can hold its accumulation structure, bulls could gradually reclaim control.