Ethereum ETF approval led to a surge in the Arbitrum price by 30% in a week, attracting 100,000 new users.
ARB is trading between $1.23 and $1.27, with $1.30 as the next target.
Following the approval of an Ethereum exchange-traded fund (ETF), Arbitrum saw a notable surge of 5% in the last 24 hours, attracting 100,000 new users to the platform. This surge propelled the price of ARB to reclaim the $1.20 mark, climbing over 30% in a weekly time frame from $0.9757 to $1.2712.
Additionally, the daily trading volume of the Arbitrum soared over 93% to $829 million.
Arbitrum (ARB) Price Chart (Source: CoinMarketCap)
As investors flocked to the Ethereum ecosystem, Ethereum Layer-2 networks, including Arbitrum, emerged as major beneficiaries of this shift in sentiment. The Ethereum ETF approval has impacted not only Arbitrum it also caused a reshuffling in the broader cryptocurrency market. Ethereum’s main rivals, Solana (SOL) and Cardano (ADA), experienced a decline in tracti
We współpracy z: https://thenewscrypto.com/arbitrum-price-surges-30-post-ethereum-etf-approval/
