Why Is Ethereum Up Today? ETH gains 9.1% in a day as Next-Gen Altcoin Dominate Whale Buyers

November 28, 2024
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4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

As the crypto market gears up for a potential bull run, Ethereum (ETH) is stealing the spotlight with a 9.1% surge in 24 hours, climbing to $3,600. The rally follows a wave of $215 million in net inflows into Ether ETFs this week, signaling renewed institutional interest. Regulatory optimism, fueled by anticipated SEC leadership changes, has also strengthened Ethereum’s position.

At the same time, JetBolt (JBOLT) is making headlines, with over 100 million tokens sold in its presale. Built on the Skale network, JetBolt’s zero gas fees, instant finality, and innovative staking rewards are capturing whale interest as it positions itself as one of the top next-gen altcoins for 2025. Could Ethereum and JetBolt dominate whale buyers for the next market rally? Let’s explore.

Ethereum’s Rally Explained: What’s Behind the 9.1% Surge Today?

Ethereum (ETH) is making headlines after surging 9.1% from $3,282.56 on November 27 to more than $3,600 today, reigniting excitement in the crypto space. According to analysts, ETH’s rise is no random spike—it’s the result of converging forces reshaping the landscape.

Ether ETFs are stealing the spotlight, attracting $215 million in net inflows this week, a record-breaking streak that signals renewed institutional confidence. Meanwhile, whispers of regulatory shifts—like SEC leadership changes—have fueled optimism for a more crypto-friendly future.

Ethereum technical analysis showing oscillators as neutral and moving averages at strong buy

Ethereum technical analysis showing oscillators as neutral and moving averages at strong buy. Source: TradingView

But the story doesn’t end there. On the technical side, ETH’s market sentiment reflects cautious optimism. The Relative Strength Index (67.2) and Stochastic %K (80.1) sit neutral while moving averages—including the 10-day EMA ($3,393.9) and 200-day SMA ($2,974.6)—signal strong bullish momentum.

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So, it seems like whales are back in action—accumulating ETH at a brisk pace as open interest in ETH futures surges. Combine this with Ethereum’s growing dominance in DeFi, and it’s clear ETH isn’t just riding the wave—it’s leading it.

JetBolt’s Momentum Uncovered: How JBOLT Sold Over 100 Million Tokens In Presale

JetBolt (JBOLT) has captured the crypto world’s attention, selling over 100 million tokens during its presale. This next-generation blockchain ecosystem, powered by the Skale network, is redefining user and developer experiences with its innovative features.

JetBolt’s Zero-Gas Technology removes these gas fees, enabling seamless blockchain interactions. Every transaction also achieves instant finality, making them fast, irreversible, and ideal for decentralized applications like payments, GameFi, and NFTs. Developers are also drawn to JetBolt’s open-source tools, which simplify dApp building on its Ethereum Virtual Machine (EVM)-compatible infrastructure.

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Apart from its cutting-edge utility, JetBolt also offers an accessible staking system. Here, stakers can get more staking rewards through their engagement with other JetBolt users, fostering a vibrant community. 

Meanwhile, JetBolt’s AI-powered market insights tool delivers the latest blockchain news and analytics on top cryptocurrencies—a necessity in the fast-paced world of crypto trading.

The presale has further highlighted JetBolt’s appeal, offering early adopters with features like instant token custody and daily price increases. Combined with JBOLT’s user-friendly Web3 wallet, which supports face ID authentication, JetBolt is setting a new standard for emerging altcoins. 

With all these day-one-ready features, it’s not surprising to see why JetBolt has driven whales into its presale. JetBolt is a complete ecosystem designed to make blockchain faster, easier, and more rewarding for everyone—ushering in a new era of crypto innovation.

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Why Is ETH Up Today? ETH gains 9.1% in a day as Next-Gen Altcoin Dominate Whale Buyers

Final Thoughts: Ethereum and JetBolt—Next-Gen Altcoins in the Next Bull Run?

As whispers of a crypto bull run grow louder, Ethereum’s resurgence is backed by strong institutional inflows and its dominance in DeFi. While hitting $10,000 soon might be ambitious, the current rally underscores ETH’s resilience and growing appeal. Meanwhile, JetBolt (JBOLT) is carving its place as one of the best next-gen altcoins with its Zero-Gas Technology, instant finality, state-of-the-art AI-powered utility, and exciting staking rewards. As a disruptive newcomer, JetBolt is paving the way for the next era of blockchain utility heading into 2025.

For more about JetBolt’s presale, kindly visit the links below:

JetBolt Website: jetbolt.io

Telegram Channel: https://jetbolt.io/telegram

X/Twitter Page: https://x.com/JetBoltOfficial

This article does not provide financial or trading advice. Cryptocurrencies are inherently volatile and come with significant risks. It is essential to conduct comprehensive research before purchasing any crypto coin or asset.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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