Ethereum (ETH) Price Prediction: Can ETH Reach a New Price High as JetBolt (JBOLT) Tokens Fly off Shelves?

As the network’s Pectra upgrade’s first testnet comes close this February 24th, the crypto community is wondering about whether the new development

As the first testnet of Ethereum's Pectra Upgrade draws near, members of the crypto community are anticipating this development to push Ethereum (ETH) to hit a new all-time high (ATH) in the looming months.

Meanwhile, the new altcoin JetBolt (JBOLT) has piqued the interest of the crypto community with its fast-selling presale that has sold close to 330 million tokens since its debut. Now, what’s driving the whale buying frenzy with JetBolt?

Let's dive deeper into these stories to find out.

Ethereum Price Prediction: Can ETH Reach A New Price High?

As of today, Ethereum is holding above $2,725.66, following its recent dip at $2,612.59 on February 19th. Whales who booked profits caused this recent price decrease by increasing their selling action, redistributing $1 billion worth of ETH or the equivalent of 400K ETH tokens.

Whales sold their Ethereum holdings at a loss recently, increasing their selling action as the coin’s price dropped by 4% on Monday and Tuesday last week. This massive selling activity by large ETH holders follows their booking profits last week after purchasing the coin at an average price of $1,933.

Now, as the first testnet of Pectra Upgrade draws near, can it propel ETH to reach a new price high? According to analysts, Pectra Upgrade’s can boost ETH’s price but not enough to hit a new ATH.

Pectra Upgrade’s first testnet is set to roll out on Holesky this February 24th, while the second testnet on Sepholia is set to launch on March 5th. The Pectra Upgrade aims to enhance the scalability of Ethereum’s robust system by simplifying its transactions and improving user experience.

Chart illustrating Ethereum (ETH)’s price movements in the last thirty days, according to CoinGecko.

As of press time, ETH’s 50-day and 200-day moving averages have crossed each other and formed a death cross pattern. Despite this strong bearish breakdown, analysts are optimistic ETH could attain a bullish trend once it breaks above the death cross. However, the results may take weeks, months, or years to complete.

ETH holders are excited about the upcoming Pectra upgrade, hoping this could be the catalyst for moving past ETH's current ATH of $4,061. However, a bearish outlook muddles the picture and makes the goal far from reach. A new ETH ATH may be possible in the looming months, but the current market condition may push it for another year or more.

JetBolt’s Presale Sells 330 Million Tokens: What’s Driving the Whale Buying Frenzy?

The new altcoin JetBolt (JBOLT) is fast-selling in its presale, having sold close to 330 million tokens since its debut. Now, what’s driving the whale buying frenzy with JetBolt?

Built on the Skale Network, JetBolt offers a crypto innovation of zero-gas technology. This eliminates gas fees during blockchain transactions, allowing users to transact cost-effectively. JetBolt also creates a developer-friendly space by offering developers to create Web3 dApps without gas fees.

Besides gas-free tech, one of JetBolt’s powerhouses is its Web3 wallet. Its Web3 wallet’s biometrics, facial recognition, and self-custodial control, aims to deliver an overall easy access to its token account holders.

There’s more to that. JetBolt allows lightning-fast transactions with near-instant finality to enable seamless transactions on the platform.

Moreover, JetBolt’s AI-aggregation tool provides a daily newsletter and displays snippets of blockchain news, stories, and market trends, categorized based on market sentiment.

But that’s not all! Through JetBolt’s Proof of Attendance and Worth protocol, users can earn rewards by logging in daily, staking their tokens, and connecting with other users on the platform.

Aside from the engaging staking process, presale buying can benefit from up to 25% additional tokens by purchasing Alpha Box packages that offer token deals. With its blockchain efficiency and riveting features, it’s clear why whales are raving about JetBolt.

Quick Recap: Will ETH Hit New ATH in Looming Months as JetBolt Tokens Flies off Shelves

Many in the crypto community anticipate Ethereum’s Pectra Upgrade could propel ETH to hit a new ATH. However, some analysts believe that it could boost the coin’s price but not to an all time high due to its bearish technical indicators.

As ETH hitting a new ATH remains undetermined in looming months, JetBolt (JBOLT) is flying off the shelves with its presale that has sold close to 330 million tokens already. Featuring its zero-