Catastrophic 2-Year ARB Decline: 90% Plunge Approaches Critical $0.137 Support Level

Current Price Action: Arbitrum ($ARB) is trapped in a 24-month bearish channel, currently trading around $0.205, with critical support at $0.137; a breakdown could lead to a target of $0.10.

Market Sentiment: The bearish trend reflects broader altcoin fatigue and macroeconomic challenges, despite Arbitrum's growth in daily active addresses and ecosystem expansions.

Technical Analysis: The price chart indicates exhaustion with low trading volume, and a failure to breach upper trendlines suggests continued downside risk unless key support holds.

Future Outlook: Potential catalysts for recovery include Ethereum's Dencun upgrade and institutional inflows, while the $0.137 support level will be crucial in determining the next price movement for $ARB.