Arbitrum (ARB) is currently trading at $0.217985, reflecting a 24-hour change of 0.27835%. The daily price range has been relatively tight, with a high of $0.222426 and a low of $0.20899, indicating a daily volatility of 0.013436%.

The trading volume stands at approximately 117.67 million, equating to 9.61% of its market cap. The short-term moving averages suggest bullish momentum, as the 8 SMA ($0.2123) shows an increase of 2.69% while the 13 SMA ($0.2128) and 21 SMA ($0.2137) also reflect positive movements, supporting a potential upward trend.

The 1-hour RSI is at 60, indicating that the asset is nearing overbought territory, while the 7-day RSI at 49 suggests it remains relatively neutral. However, both the 7-day and 14-day price changes show negative trends of -3.77% and -16.11% respectively, which indicates a potential bearish sentiment in the medium term.

In the longer-term context, ARB has seen a substantial decline of approximately 34.22% over the past 30 days, highlighting significant downward pressure. Despite this, the asset remains well below its all-time high of $2.39, suggesting a substantial potential upside if market conditions improve.

Given the current market dynamics and short-term bullish indicators combined with medium to long-term bearish trends, the recommendation for ARB is to Hold. This strategy allows for potential upside capture if the bullish momentum continues while avoiding exposure to further downside in the short to medium term.