After trading below $2,500 in October 2024, Ethereum (ETH) price performance showed strength, hitting an intraday high of $3,694 on December 4, 2024. Added to this was an increase in Ethereum Total Value Locked (TVL) and spot ETH inflows. The ETF sparked whispers that it could rise above $5,000.
Meanwhile, the young altcoin JetBolt (JBOLT) is attracting more and more attention due to its radical core innovation: zero gas technology. A pre-sale is underway and JetBolt has sold over 100 million tokens since launch. Could Ethereum price reach new heights amid the latest market trends? What's the story behind the JetBolt pre-order frenzy? Let's dive in.
Ethereum Price Prediction: Could ETH Soar Above $5,000?
Is Ethereum ready to break out of the long-awaited $5,000 breakout? ETH’s price performance suggests it may be preparing for a sharp rally, but it has not reached the $5,000 level.
Technically, one of the strongest points is Ethereum’s recovery above key moving averages, indicating a price rally. Ethereum, which is trading at $3,672 as of late, could challenge $4,000 if it maintains strong buying momentum and consistent volume.
Ethereum (ETH) price chart for the past 24 hours shows the price on December 4, 2024 hovering around $3,675,000 to $3,7,000. Source: CoinGecko
Recently, Ethereum’s Layer 2 network saw its TVL hit an all-time high of $51.5 billion. On November 29, 2024, the U.S. Spot ETH ETF also recorded a record high of $332.9 million in daily net inflows.
Despite green charts and technical indicators, and a notable spike in network activity, Ethereum may face challenges on its way to the $4,000 mark.
In parallel with the South Korean government's latest declaration of martial law, the recent transfer of $2 billion worth of Bitcoin (BTC) by the US government could impact other cryptocurrencies such as Bitcoin and Ethereum .
What's behind the rapid increase in JetBolt pre-order sales?
While it may be difficult for Ethereum to reach the $5,000 level, Jetbolt (JBOLT) presents an interesting story.
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Amid the latest market trends, JetBolt (JBOLT) continues its rapid rise as seen by the increase in pre-order sales. Since its pre-sale debut, JetBolt has sold over 100 million tokens.
The whale buying activity in JetBolt (JBOLT) can be attributed to its attractive and innovative features. JetBolt’s core innovation, zero-gas technology, has attracted the attention of whales and buyers as it addresses one of the biggest barriers to cryptocurrency adoption: high gas prices.
JetBolt's zero-gas technology, powered by the Skale network, allows users to seamlessly transact without incurring gas fees.
JetBolt not only revolutionizes gas-free trading, but also staking with an intuitive crypto staking platform. Stakers can earn bonus rewards when they connect with friends on the platform, adding fun to staking their tokens.
Additionally, exciting pre-sale benefits await early buyers of JetBolt (JBOLT) tokens. JetBolt (JBOLT) gives early adopters a special chance to enjoy up to 25% additional tokens by purchasing Alpha Box or JetBolt (JBOLT) tokens in batches.
With such thrilling presale benefits and cutting-edge features, it's no wonder JetBolt's presale is growing rapidly.
Conclusion — ETH aims to break above $5,000 while JetBolt gains major whale traction
Ethereum’s journey from hovering around $2,500 to its current level of $3,694 shows the resilience of the experienced giant. However, the path to breaking above $5,000 may be delayed as the market has to weather new developments. Although Ethereum’s goal of breaking above $5,000 was thwarted, Jetvolt’s rapid rise tells a different story. It is one of the innovations and overwhelming whale interest that JetBolt (JBOLT) has received, backed by the 100 million tokens it has sold since its pre-sale began.
For more information on JetBolt's ongoing presale, please visit the following link:
Official website: jetbolt.io
Telegram channel: https://jetbolt.io/telegram
X/Twitter page: https://x.com/JetBoltOfficial
This article does not provide financial advice. Be sure to do thorough research before acquiring any cryptocurrency. Please keep in mind that all crypto assets carry inherent risks and can be highly volatile.
