2024-12-28 19:10 |
Amid the recent crypto market shifts, all eyes are on Ethereum’s (ETH) price movement. Ethereum takes center stage as investors speculate about a potential break out for ETH, with the goal to smash $4000.
Behind this optimism is the speculation that Ethereum’s resurgence could trigger the long-awaited altseason, potentially leading to widespread gains for the entire altcoin market.
Meanwhile, a young altcoin shares the crypto spotlight as it presents its groundbreaking zero-gas technology and innovative Web3 utilities: JetBolt (JBOLT). Beyond expectations, its presale has soared over 200 million tokens sold since launch.
As JetBolt gains strength amidst market uncertainties, can Ethereum rise to the challenge to hit $4000? Let’s dive into the dynamics and thrilling developments surrounding Ethereum alongside JetBolt’s growing popularity and adoption.
Ethereum: Could ETH smash $4000?Ethereum (ETH) is trading as of press time at $3,367.95. With a market cap of over $400 billion, ETH continues to hold the second spot in the list of cryptocurrencies by market capitalization, and is still the world’s second-most famous blockchain network, next to Bitcoin.
Ethereum’s Price chart courtesy of Trading View
Like most cryptocurrencies, Ethereum suffered major declines when the U.S. Federal Reserve cut rates and as the market slumped post-Christmas. ETH’s price is down by 4.48% over the past two days, and still more than 30% away from its all-time high of $4,800 achieved in November 2021.
On the flipside, Ethereum has posted a year-to-date growth of over 50%, sparking analysts to remain optimistic about the future of the asset. Top analyst Carl Runefelt recently discussed ETH’s formation of a symmetrical triangle pattern in the four-hour timeframe, a classic indication of a breakout. He said that Ethereum must break upward from the triangle formation to breach the $3,980 bullish target. But Ethereum faces resistance at the $3,550 level, a critical price point analysts and investors are eager for ETH to surpass, reflecting renewed bullish momentum.
Ethereum’s derivatives maintained levels the same as last week, with monthly contracts trading with an 11% premium over the spot market, slightly above the 5%-10% neutral range. Ethereum’s total value locked (TVL) has held steady at around 20 million ETH over the past two weeks, highlighting its resilience.
While ETH maxis remain optimistic about its breakout, with positive derivatives and on-chain metrics, hitting $4000 will also depend on the macro economic performance, and how Ethereum could defend or break the $3,550 critical level.
JetBolt: Gaining ground with zero-gas innovation and Web3 utilitiesNavigating through the crypto labyrinth of waves and tides, the young altcoin JetBolt (JBOLT) continues to gain traction, with a growing popularity and market appeal fueled by its cutting-edge technologies and utility-driven solutions.
Leveraging the Skale Network, JetBolt offers zero-gas technology, a defining feature that eliminates the barrier of gas fees. Everyday users and developers no longer need to worry about hefty gas costs, enhancing blockchain’s appeal to a wider range of audience.
JetBolt offers an AI-driven aggregation tool that delivers crypto news and market development updates. In addition, JetBolt’s user-friendly Web3 wallet makes entry simple and smooth, using advanced features like WebAuthN and facial recognition.
There are also enticing incentives that await early buyers, including daily price increases and special offers that grant up to 25% more tokens, when they avail of the Alpha Boxes or JBOLT token bundle deals.
Despite being a new player, JetBolt is rapidly making its mark in the crypto space, offering its unique blend of technology-powered features and real-world usability. With such appealing advantages, JetBolt is gaining ground as one of the top altcoins to watch in 2025.
Final Thoughts: Could ETH Smash $4000 as Jetbolt Gains Strength?Supported by positive derivative markets and strong on-chain metrics, Ethereum reaching the $4000 mark may be possible in the long term. Key factors such as the broader global economy and Ethereum ecosystem’s ability to defend or break key resistance levels, will play significant roles. Meanwhile, JetBolt’s technology-powered features and utility-driven innovations continue to showcase its strength, driving its rapid ascent. With focus on enhancing blockchain users’ experience, JetBolt is solidifying its position as one of the stand out altcoins for 2025, alongside established players like Ethereum.
Learn more about JetBolt’s distinct features and presale activities by visiting its official website and X/Twitter account.
This article is not financial or trading advice. Note that all cryptocurrencies are risky and volatile by nature so readers are advised to conduct research before making any crypto-related decisions.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
origin »Ethereum (ETH) на Currencies.ru
|
