Arbitrum is predicted to reach $4 if Ethereum (ETH) continues to drive hype and the layer 2 protocol ships products, with a potential to clear old highs.
"If ETH keeps driving hype, then the leading layer 2, which continues to ship products, is likely to see plenty of demand. At the time of making this video, ARB is attempting to flip resistance into support at around 51. If that's confirmed on the back of ETH hype, the old highs become an obvious target. Clear that, however, and we have a price discovery leg and that's where we're eyeing up the $4 level."