Arbitrum (ARB) is currently priced at $0.170307, reflecting a 1.13% increase over the past 24 hours. The daily trading range has been relatively tight, with a high of $0.172418 and a low of $0.166641, indicating low volatility in the short term.

Volume for ARB stands at approximately 76.5 million, translating to a volume-to-market cap ratio of 7.71%. This suggests moderate trading activity but may not indicate strong bullish sentiment, especially considering the price has dropped by 8.41% over the past week and 23.42% over the past 14 days.

The hourly moving averages show mixed signals: the 8 SMA and 13 SMA indicate slight bearish momentum, while the 21 SMA and 55 SMA suggest minor bullish trends. The 144 SMA is notably bearish, showing a decline of 2.08%, which could signal longer-term resistance near the $0.1739 level.

Current RSI readings indicate a neutral stance, with the 1-hour RSI at 48 and the 7-day RSI at 45, both suggesting a lack of strong buying or selling pressure. Despite the current price being significantly lower than its all-time high of $2.39, the recent price action reflects a bearish trend that traders should heed.

Considering the technical indicators, the slight uptick in the daily change is not strong enough to warrant a bullish outlook. Therefore, given the prevailing bearish trends, mixed moving average signals, and declining momentum, a Hold rating is advisable for ARB at this juncture, pending clearer signs of a reversal or bullish momentum.