These 3 Ethereum L2 Tokens Just Skyrocketed Nearly 100% — Are They About to Explode Again?

Jakarta, Pintu News – A few weeks ago, many Layer-2 Ethereum (ETH) tokens were considered stagnant. However, they have now experienced a huge surge, with an almost 100% increase in a short period of time.

The main trigger for this explosive rebound was the Ethereum price rally, which managed to push the cryptocurrency back above the $3,600 level. While ETH itself rose by around 45%, some altcoins such as Arbitrum (ARB), Optimism (OP), and Immutable (IMX) recorded even bigger gains.

Here’s an explanation of how this happened and what might happen next to the prices of these tokens, according to CCN.

Arbitrum (ARB)

On April 7, the price of Arbitrum hit an all-time low of $0.25. Currently, ARB has risen 89% from that level, driven by increased demand throughout this month.

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Technically, the daily chart shows that ARB has successfully broken the upper trend line of the descending channel pattern. On the momentum of this breakout, the Awesome Oscillator (AO) indicator moved into positive territory, signaling a strong bullish impulse.

Supporting this positive outlook, the Average Directional Index (ADX) indicator also rose to 32.67 – a figure that indicates a strong upward trend direction.

If this condition continues, the price of ARB is likely to retest the $0.73 level. If successful, the token could potentially reclaim the $1 psychological level.

On the other hand, if selling pressure increases and ETH prices decline, ARB risks dropping to a new low of $0.24.

Optimism (OP)

Another Layer-2 Ethereum token that has seen significant gains recently is OP, the native cryptocurrency of the Optimism network. OP’s price hit an all-time low on June 18.

From then until now, OP’s market value has surged by 95% and is currently trading at $0.78. When viewed from the daily chart, OP’s price movement looks similar to that of ARB.

But in this case, OP managed to break out of the falling wedge pattern and reached its highest level since May. Looking at the current conditions, it seems that this altcoin will not lose its momentum anytime soon.

One of the supporting factors is the Money Flow Index (MFI) indicator, which is now at 87.64. If this level continues to hold, the MFI has the potential to push the OP price through $1.03.

If this scenario occurs, the price of Optimism has a chance to rise up to $1.40. However, if the selling pressure pulls the price back down below the wedge’s upper trendline, OP could fall to $0.55.

Read also: 7 Must-Buy Crypto Recips – Ready to Explode in Altcoin Season & Bull Run!

Immutable (IMX)

Finally, IMX – the native token of the Immutable network – is also one of the Layer-2 Ethereum tokens that has seen a significant recovery. Currently, its price stands at $0.61, up 75% from the all-time low reached on June 22.

As with ARB and OP, IMX’s price surge occurred after the ETH price printed a new high. On the daily chart (7/20), IMX has successfully broken the upper trend line of the descending triangle pattern.

Post the breakout, the Chaikin Money Flow (CMF) indicator moved above the zero signal line, indicating a positive inflow of funds. If this trend continues, IMX prices could potentially surge to $0.75.

If it manages to reach that level, the token could also target the psychological zone of $1.
However, if the ETH price experiences a major correction, IMX could slip all the way down to $0.35.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. These 3 Ethereum Layer-2 Tokens Went From All-Time Lows to Nearly 100% Gains. Accessed on July 21, 2025