The second-largest cryptocurrency, Ethereum (ETH), has shown signs of weakness lately, falling below the $2,700 support level. Some crypto analysts and market players have been watching whether ETH can bounce back or slip further. In another crypto news, the new altcoin JetBolt (JBOLT) witnessed a huge milestone after it sold over 40 million tokens since its recent launch. JetBolt has been capturing the market’s attention for its groundbreaking features like zero gas fees. Can ETH regain its former glory at $5,000, and can JetBolt sustain its presale momentum?
Can Ethereum Surge Back to $5,000?
Ethereum (ETH) has been facing downward pressure lately. At press time, ETH is trading at $2,495, demonstrating a 5% dip over the past seven days.
Some crypto analysts point to several factors that cause ETH's price to suffer from declines. One of these factors is the increasing ETH supply on exchanges. Analysts suggest that this could mean investors are transferring their tokens to exchanges from self-custody wallets, which hints at an intention to sell.
Some market experts have also cited Ethereum's decreasing total value locked (TVL) as one reason for the cryptocurrency's steady price drop. Experts highlighted that the declining TVL shows the Ethereum network's inability to attract new users because fees remain consistently high compared to other blockchain networks. Ethereum's TVL is now at 18.2 million ETH, demonstrating a 5% drop from the previous month’s value.
Crypto insiders suggest that while Ethereum’s fundamentals remain strong, reclaiming the $5,000 mark could be a steep climb. Recent predictions put ETH on a path toward $2,300 as a key target, but even the slightest slip in market sentiment could lead to more substantial dips.
As Ethereum struggles to return to its previous highs, many whales have started adding new altcoins like JetBolt (JBOLT), which boasts cutting-edge features and a bullish narrative, to their portfolios.
JetBolt (JBOLT) Captivates Whales with Trending Presale
While Ethereum faces a steep climb to $5,000, a new crypto star is rising—JetBolt (JBOLT). This emerging altcoin has been making waves with its presale achievement, selling over 40 million tokens since its presale started just over two months ago.
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Aside from stellar presale numbers, JetBolt continues to capture the interest of whales for its innovative features. One of JetBolt’s notable features is zero-gas technology, which allows users to execute crypto transactions without incurring gas fees. This feature is a game changer for crypto traders and whales who are tired of the hefty gas fees that cut into profit margins.
Additionally, JetBolt boasts an advanced AI-powered news and insights tool. This AI-powered tool helps token holders stay abreast of the current news and trends within the Web3 space. It also appeals to crypto whales eager for innovations that harness the power of blockchain and artificial intelligence.
In addition to distinctive features, early adopters are flocking to the JetBolt presale because of additional benefits. Early buyers can also get as much as 25% extra tokens for bulk purchases, which is a huge advantage for those who want to hold large amounts of tokens. JetBolt’s staking platform, which grants daily rewards to stakers, is also available during the presale, allowing early adopters to start earning crypto.
With the groundbreaking features and presale perks JetBolt offers, it’s no wonder whales are accumulating large quantities of JetBolt tokens.
Conclusion — Ethereum Fights to Reclaim $5,000 as JetBolt Presale Surges
Ethereum needs renewed bullish sentiment to break key resistance levels and regain momentum. While ETH works to reclaim its once-spectacular $5,000 price point, JetBolt is speeding ahead with growing momentum in its presale. With over 40 million tokens sold and crypto whales rushing to its presale, JetBolt is capturing the attention of those who usually focus on established crypto giants.
More details about JetBolt and its ongoing presale can be found in the links below:
Official Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This article does not constitute financial advice. It’s essential to remain cautious and conduct extensive research before engaging with any cryptocurrency because of its inherent volatility. All cryptocurrencies are risky.
