Arbitrum Price Prediction: ARB Eyes $1.7 High Amid Major Network Activity and TVL Expansion

Arbitrum Price Prediction: The Bitcoin price hovering above $67000 since last week has sparked a broader market consolidation. Along with most of the major altcoins, the Arbitrum shows this uncertainty in price behaviors. The coin price is developing alternative green and red candles in the daily chart between the horizontal levels of $1.26 and $1.12. Will this lack of initiation from buyers or sellers lead to a prolonged sideways trend in the ARB price?