After experiencing two failed test runs of its Pectra Upgrade via the Holesky and Sepolia testnets, the Ethereum (ETH) team created a third platform called Hoodi. This new testnet is set to roll out on March 17th. Crypto observers are now waiting to see if ETH can regain its previous $4,000 all-time high?
Meanwhile, the new altcoin JetBolt (JBOLT) continues to turn heads, especially among crypto whales, with its latest presale achievement—selling over 340 million tokens since its debut. JetBolt offers zero-gas technology and an easy-to-use Web3 wallet, garnering considerable interest across the broader market.
Can ETH reverse its bearish trend, or will it keep dipping? What’s behind JetBolt’s surging presale momentum? Let’s find out.
Ethereum Price Prediction: Will it Get Back to $4k?
Ethereum is trading at $1,894.96 today, reflecting a 13.2% decline over the past week and 27.2% this month. Despite the dips, ETH increased by 1.3% in the last 24 hours. As the crypto community anticipates the Pectra Upgrade’s upcoming test run of the new Hoodi testnet, can Ethereum climb back to $4,000?
Based on ETH’s technical indicators, the token is currently bearish, with most of its moving averages (MA) in a downward trajectory or sell action. According to analysts, Ethereum’s recovery hinges on its ability to hold above the $1,825 key support. Furthermore, Ethereum needs to overcome its first resistance at $1901.91, to move forward to the next level at $1902.85.
Chart illustrating Ethereum (ETH)’s price declining in the last thirty days, according to CoinGecko.
Ethereum was last recorded with a high of $4,141.99 on December 6, 2024. This price was attributed to the bull run during the recent presidential elections, as well as the crypto community’s anticipation of the approval of ETH’s exchange-traded fund (ETF).
Meanwhile, the Ethereum network is planning to launch its third test run of its Pectra Upgrade on a new testnet, Hoodi, on March 17th. This test run will be for a temporary period as the development team is still trying to fix the issues of Holesky and Sepolia—the two primary test networks of the Pectra Upgrade. However, analysts aren’t convinced that this will help propel ETH towards its $4,000 target.
JetBolt (JBOLT)’s Presale of Close to 345 Million in Token Sales: What’s Fueling the Surge?
While climbing back to $4,000 is unlikely for Ethereum at the moment, a new altcoin is making waves: JetBolt (JBOLT). JetBolt’s soaring presale proves that even an emerging altcoin can keep up in the highly competitive market. JetBolt has sold nearly 345 million tokens since its inception—an astounding feat for a young startup.
Powered by the ultramodern Skale blockchain, JetBolt offers zero-gas technology that eradicates sky-high gas fees in all blockchain transactions. JetBolt also offers lightning-fast transactions and near-instant finality to ensure transactions on JetBolt’s platform are quickly processed and immutable.
Aside from zero-gas technology, JetBolt’s Web3 wallet features another reason crypto enthusiasts are excited about this young token. This intuitive wallet features facial recognition that makes logins and token management simple and straightforward for token holders.
JetBolt offers an AI-powered utility that collects and sorts crypto news, stories, and other Web3 content based on their bullish, neutral, or bearish sentiment.
The Proof of Attendance and Worth (PAW) protocol in JetBolt’s staking system allows token holders to earn additional rewards by simultaneously staking their tokens and engaging with other users on the platform.
By purchasing Alpha Box packages during JetBolt’s presale, early adopters can also earn up to 25% extra JBOLT tokens. JetBolt’s token price also increases daily, adding a sense of urgency to the event.
With its zero-gas technology, cutting-edge blockchain features, and presale perks, it’s no wonder JetBolt’s presale continues to soar.
Summary: Will ETH Keep Dipping or Will it Get Back to $4k as JetBolt Exceeds Expectations?
Ethereum reclaiming its $4,000 price is uncertain at the moment as the coin currently reflects a bearish trajectory. However, if ETH regains investors’ confidence, it may recover from its downtrend. On the other hand, the new altcoin JetBolt (JBOLT) is exceeding expectations with its surging presale that has sold close to 345 million tokens at press time. This young crypto features zero-gas technology and other riveting features such as a smart Web3 wallet and an AI-powered crypto news aggregator.
For more information, visit JetBolt’s official website and X page today.
This article is not trading or financial advice. All cryptocurrencies carry significant risks and their prices may shift without warning. Do your own research in order to understand the crypto market and assess all risks. Trade wisely.
