Date: Sun, Aug 10, 2025 | 04:40 PM GMT
The cryptocurrency market is in bullish mode as Ethereum (ETH) broke above the $4,200 level for the first time since 2021. This surge has sparked a broad rally, with major altcoins — including Arbitrum (ARB) — riding the wave higher.
ARB has posted an impressive 20% weekly gain, but more importantly, its price chart is now flashing a harmonic pattern that may reveal its next move.
Harmonic Pattern Hints at Potential Bounce
On the daily timeframe, ARB is shaping up a Bearish ABCD harmonic pattern — a formation that, despite its “bearish” name, often includes a bullish CD leg before the price reaches its Potential Reversal Zone (PRZ).
The structure began with a strong rally from point A around $0.3237 to point B near $0.5090, followed by a retracement to point C at $0.3702, where buyers stepped back in. Since then, ARB has rebounded and is now trading around $0.4680, signaling that the CD leg is firmly underway.
Harmonic projections suggest the CD leg could extend toward the 1.236 Fibonacci extension of the BC leg, putting the PRZ around $0.5456. If achieved, this would mark an approximate 18% upside from current levels.
What’s Next for ARB?
Momentum remains tilted toward the bulls. A sustained push toward $0.5456 would complete the ABCD pattern, but that zone could also act as significant resistance, prompting some traders to secure profits.
On the downside, ARB must hold above its 25-day moving average, currently near $0.4315. A breakdown below this level could weaken the bullish case and potentially lead to a deeper consolidation phase.
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