Ethereum Price Prediction: Will ETH Finally Breakout in Coming Weeks as JetBolt Sells Millions

Two compelling narratives are captivating buyers’ attention this week: Ethereum’s ETH $1 582 24h volatility: 0.2% Market cap: $191.01 B Vol. 24h: $10.39 B recovery from its sustained price drop and JetBolt’s (JBOLT) growing presale token sales amidst intense market volatility. The Ethereum price has slightly recuperated from the $2,920 low it registered on January 13. As ETH trades above $3,200, could it pave the way for its bullish breakout and a fresh all-time high (ATH) in 2025?

Meanwhile, the young altcoin JetBolt witnesses a surge in JetBolt token sales during its presale. Since its debut, JetBolt has already sold more than 265 million tokens. Can JetBolt maintain its current momentum? Can Ethereum finally break out in the coming weeks? Read on to find out.

Ethereum Price Forecast: Can ETH Hit New Highs Soon?

After slipping below the $3,000 price level, Ethereum (ETH) has bounced back with renewed strength. As of this writing, ETH is trading at $3,233, which some analysts consider the “buy zone”.

Could Ethereum finally achieve a bullish breakout in the coming weeks? Not quite yet. According to Michael Ebiekutan’s price prediction published on FXStreet, ETH has to overcome key resistance near $3,550. To extend the rally, ETH has to smash the $3,776 resistance and retest the major resistance level of $4,094, which is Ethereum’s highest price in 2024.

Meanwhile, some factors could provide further support to Ethereum’s bullish price trajectory. One of these is the recovery of funding rates near $3,000, according to the latest data from market analytics provider CryptoQuant. This figure indicates an increase in buying interest in ETH tokens as buyers expect the price to surge in value.

Another factor is the improving market mood, which is seen as a driving force that could enable the Federal Reserve to cut interest rates. An enhanced economic outlook could potentially have a positive impact on digital currencies, including Ethereum.

JetBolt Sells Millions of JBOLT Tokens in Its Explosive Presale

While Ethereum needs to break past resistance levels before a massive rally takes shape, a market newcomer, JetBolt, smashes milestones after another. Since its launch, JetBolt has sold over 265 million tokens, a huge number of token sales for such a young crypto coin.

JetBolt’s cutting-edge features act as catalysts behind this buying frenzy and pique the interest of next-gen altcoin enthusiasts and buyers.

Hefty gas fees have been among the issues crypto novices and natives face when conducting blockchain transactions. These fees can quickly add up and reduce users’ and traders’ potential profits.

As a next-gen altcoin, JetBolt offers its game-changing zero-gas technology powered by the Skale network. This state-of-the-art feature enables crypto users to carry out gas-free transactions. JetBolt could also empower developers to build a wide array of decentralized apps, from SocialFi to payment solutions and more.

Beyond zero-gas technology, JetBolt also revolutionizes crypto staking. This new altcoin provides an easy-to-use crypto-staking system with a “social” feature. Stakers can earn exciting bonus rewards when they engage with friends or contacts on the platform.

JetBolt takes its presale to the next level by adding excitement and offering exclusive benefits to early buyers. Early acquisition of JetBolt (JBOLT) tokens gives them a chance to enjoy up to 25% more tokens by availing of bulk purchases or Alpha Boxes.

Conclusion: Ethereum’s Potential Breakout and JetBolt’s Rising Token Sales

Ethereum displays remarkable resilience amidst the broad market downturn. Despite easing market conditions, Ethereum’s potential breakout in the coming weeks remains to be seen. On the flip side, budding altcoin JetBolt continues to build momentum fueled by its rising token sales. With its innovative features and climbing presale sales, JetBolt appears to be among the young tokens to watch this year.

Visit the official JetBolt website today for more information on JetBolt’s groundbreaking features and presale.

Disclaimer: This article does not provide any financial advice. Always conduct thorough research before acquiring any crypto asset. Remember, all cryptocurrencies carry inherent risks. 

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