Arbitrum Price Forecast: September 3
ARBUSD has just resumed its bullish correction and may break up at the $1.695 level as price action continues to surge toward the resistance levels. Therefore, if buyers exert more effort in their tension in the market, a shift in the trend towards the $1.800 upper resistance will be achieved, resulting in an intraday gain for interested traders.
Key Levels:
Resistance Levels: $0.700, $0.800, $0.900
Support Levels: $0.450, $0.350, $0.250
ARBUSD Long-term Trend: Bearish (Daily Chart)
ARBUSD is rising gradually and may break up at the previous barrier, having completed its low dips. The coin price is trending below the EMA-50, indicating a bearish trend. 
However, the crypto is on its way to the resistance levels and may break up its previous accumulation zone as the bulls take their stand.
The bears’ impact on the coin at the $0.484 low mark during the last action has made the price remain below the supply level, ready for a price increase.
Today, the Arbitrum pair retraced at the $0.518 high mark below the moving average as the 4-hourly chart resumes. This level is critical for the resumption of the uptrend and, therefore, must be defended at all costs by the bulls to break up at the $1.695 level.
Thus, if the long-term traders could add more aggression to their buying motives, the ARBUSD price could surge to break up the high accumulation zone of $1.695, leading to a strong buy signal for interested traders.
Hence, there is a tendency for the Arbitrum price to rise further as it remains upward at the oversold region of the daily signal. Thus, if the support level holds, the price value may break up at the $1.695 level and extend to a $1.800 upper resistance level in the coming days, offering a good entry point for the coin buyers in its long-term perspective.
ARBUSD Medium-term Trend: Bearish (4H Chart)
ARBUSD is increasing below the supply levels and may break up at $0.637 level showing the investors’ high impact on the coin in its medium-term outlook. The price action is below the moving average, suggesting a bearish momentum.
The bears’ pressure on the coin to the $0.484 support value during the last session has contributed to its bearishness in its recent price level. Meanwhile, the Arbitrum market is set to grow and may break up its previous high level soon.
Despite the interactions from the short traders, the bulls caused a rise in the price of Arbitrum to a $0.518 high level below the EMA-50 shortly after the commencement of the 4-hourly chart opens today.
Thus, a sharp breakout and closure above the current correction phase at a $0.518 high value may break up at the $1.695 level and focus on the ultimate breakout to the overhead resistance territory.
Additionally, the price of ARBUSD indicates an uptrend; therefore, if the bulls should add more aggression to their activities in the market, the bulls’ pressure may break up at the $1.695 level in the days ahead, as the crypto advances in its medium-term time frame.
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