Arbitrum Price Forecast: January 4
ARBUSD is now facing the positive side. The coin price is trending up as buyers remain in control of the market. The crypto price will move higher above the current resistance level, if buyers should exert more force into the price action in the market, the $2.000 upper resistance trend line might be the target soon, signaling a great opportunity for buyers to remain in control.
Key Levels:
Resistance Levels: $1.750, $1.850, $1.950
Support Levels: $1.100, $1.050, $1.000
ARBUSD Long-term Trend: Bullish (Daily chart)
Analyzing the daily time frame chart, the Arbitrum price is trending up as buyers remain in control of the market demonstrating a rising wedge pattern.
The high order flow from the bulls during yesterday’s session also added to this bullishness in its recent high.
The bulls caused a rise to the $1.968 high level above the moving averages as the daily chart opens today. This indicates that the traders are actively buying at this level.
A break above the current resistance level would end the bearish correction phase and could lay the groundwork for a recovery trend.
Hence, the market is pointing up on the daily stochastic; this will hasten the emergence of more buyers to remain in control, causing the price of ARBUSD to rise to a significant level on the upside, potentially hitting the $2.000 upper resistance level as the crypto price is trending up and buyers remains in control in its higher time frame.
ARBUSD Medium-term Trend: Bullish (4H chart)
The Arbitrum pair also show that the market is trending up and buyers remain in control in the medium-term outlook. This is due to the high impact of long-term traders on the price flow. 
The bullish impact on the crypto to a $1.770 supply level during the previous action has sustained its firmness above the supply levels in its recent trend levels.
The impulse move from the buy traders has pushed the price up to a $1.968 high level above the moving averages shortly after the 4-hour session opens today.
This will enable buyers to influence the price tendency as the coin keeps trending up and buyers remain in control of the coin market.
Additionally, the ARBUSD pair is pointing up on the daily stochastic: this indicates that the coin price could continue trending up while buyers remain in control of the market. Hence, we expect the price distribution to reach a high level of $2.000 upper mark soon in its medium-term time frame.
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