$ARB

Arbitrum’s outlook depends heavily on ETH strength.

If Ethereum rallies, ARB could outperform as L2 rotation begins.

TVL stability supports long-term thesis.

Break above local resistance may invite ecosystem traders.

Incentive-driven liquidity could return during risk-on phases.

Failure to hold support risks range continuation.

Competition among L2s may limit explosive upside.

Scaling narrative remains strong structurally.

Upside scenario tied to renewed DeFi expansion.

Downside risk moderate but manageable.

Watch ETH direction carefully.

Confirmation first, allocation second.