Arbitrum (ARB) is currently trading at $0.099973, showing a slight decline of 0.56403% over the past 24 hours. The daily price range has been between $0.095796 and $0.101667, indicating a relatively stable trading environment with a daily range of 5.87%.

The trading volume stands at approximately 96.98 million, with a volume-to-market cap ratio of 16.65%, suggesting healthy market activity. Short-term moving averages are bullish, with the 8 SMA at $0.0986 (+1.43%) and the 13 SMA at $0.0993 (+0.70%), indicating a potential upward trend in the near term.

In terms of relative strength, the 1-hour RSI is neutral at 50, while the 7-day RSI is slightly bullish at 52, showing mild upward momentum. However, the 14-day price change is down by 9.57%, and the 30-day price change is significantly lower at -41.76%, indicating longer-term bearish sentiment.

The current price is still considerably below its all-time high of $2.39, which was reached on January 12, 2024. This significant drop from the peak reflects ongoing bearish pressures and market corrections.

Considering the data presented, ARB appears to be in a consolidation phase with potential for short-term gains given the bullish short-term moving averages. However, the long-term indicators show a significant bearish trend that cannot be overlooked.

In conclusion, the recommendation for Arbitrum (ARB) is a Hold rating. The short-term bullish indicators may provide trading opportunities, but the broader downtrend necessitates caution for long-term investors.