Arbitrum Price News: ARB Eyes $0.44 Amid Falling Wedge Breakout and Robinhood Rumors

Arbitrum (ARB) has gone up by nearly 17% in the past 24 hours and currently sits at $0.36 as rumors of a partnership with Robinhood have gained traction in the past few hours.

Trading volumes have exploded by more than 600% for the native asset of the largest Ethereum rollup by total value locked (TVL).

Robinhood Official X Account – Source: X.com

A meeting between a top executive from Robinhood, the creator of Ethereum, Vitalik Buterin, and the Chief Strategy Officer for the company that developed Arbitrum fueled speculation about this upcoming collaboration.

The zero-commission broker has teased that they plan to make their biggest crypto announcement of the year during an event called “Robinhood Presents: To Catch a Token” held in Cannes.

“Robinhood’s first-ever international and crypto-focused event will usher in a bold new chapter—not just for Robinhood, but for crypto,” a blog post published by the broker promoting the event reads.

Arbitrum’s Daily Active Addresses Skyrocket

The successful implementation of Ethereum’s Pectra upgrade has automatically increased the scalability and efficiency of layer-2 protocols like Arbitrum as they can now include a higher number of blobs per ETH block.

Blobs are datasets where transactions can be added. Pectra increased the maximum number of blobs per block from 6 to 9. Arbitrum offers much cheaper Ethereum transaction fees through the use of blobs.

Arbitrum Daily Active Addresses – Source: DeFi Llama

Data from DeFi Llama shows that the number of active addresses on Arbitrum has been increasing since May 18, moving from around 192,000 to 500,000 – quite near the metric’s 2025 record.

The nature and scope of the partnership have not been revealed yet but the crypto community believes that Robinhood could be aiming to tokenize U.S. stocks on the Ethereum blockchain to make them available to European customers via Arbitrum.

For Arbitrum, this would mean an immediate increase in transaction volumes. It will also contribute to solidifying the L2’s credibility as it could push other brokerage firms to explore similar partnerships.

It appears that Solana may have also been considered for the product that Robinhood is about to launch but they seem to have moved forward with Ethereum and its flagship L2 instead.

One of the competitive edges that Ethereum holds over its rival is its degree of decentralization, which is critical for real-world use cases as it reduces the risk of 51% attacks and other similar events that could disrupt the network’s proper functioning and corrupt the main ledger.

Retest of $0.33 Support Would Confirm Bullish Outlook

Looking at the daily chart, ARB had been on a sharp downtrend since June 11 that pushed it from $0.412 to $0.268 in less than two weeks.

ARB/USD Daily Price Chart (Coinbase) – Source: TradingView

However, the price has been recovering recently amid these rumors and also as a result of a shift in market sentiment from bearish to bullish as tensions in the Middle East have progressively eased.

The price action broke above a key resistance at $0.33 yesterday after Robinhood’s X account published the post mentioned earlier.

The 9-day and 21-day exponential moving averages (EMAs) are about to make a ‘golden cross’ as a result. This typically anticipates further gains in the near term as it means that positive momentum is accelerating as the trajectory of the price trend has shifted.

A retest of the $0.33 level would be necessary to confirm this bullish breakout. If the price touches and bounces off this level, the odds that ARB will retest the $0.44 liquidity zone will skyrocket.