Ethereum Faces Selling Pressure as JetBolt (JBOLT) Presale Surges – What’s Next for ETH?
Ethereum Struggles Below $2,500 Amidst Bybit Hack Fallout
Ethereum (ETH) has faced a turbulent few weeks, with its price dipping below $2,500 following a devastating $1.5 billion hack on Bybit. This catastrophic security breach, believed to be orchestrated by North Korea’s Lazarus group, has sent shockwaves through the crypto market, causing a massive 25% drop in ETH’s value over the past month.
Ethereum is currently hovering around $2,504, but market sentiment remains bearish. The altcoin has struggled to reclaim key resistance levels, particularly $2,850, which analysts view as a critical level to spark a recovery. While some experts argue that ETH still has a strong long-term bullish structure, others warn that a breakdown below $2,400 could trigger further declines to $2,000 or even $1,150.
Adding to Ethereum’s woes, U.S. Ethereum ETFs have recorded four consecutive days of outflows totaling over $128 million, reflecting declining institutional confidence in the asset. Crypto market analyst Justin Bennett has issued a stark warning: if Ethereum fails to hold its logarithmic support channel dating back to 2017, a plunge to $1,000 levels could be on the horizon.
Can Ethereum Bounce Back or Is More Downside Ahead?
Ethereum’s daily chart paints a troubling picture. After failing to sustain momentum above $4,000, ETH has since broken below several key support levels, including the 200-day moving average at $2,900. The Relative Strength Index (RSI) is still signaling bearish momentum, suggesting that ETH may revisit $2,400 in the coming days.
On the 4-hour chart, ETH has been consolidating for nearly three weeks after its dramatic fall from $3,500. However, the asset remains vulnerable to further losses if $2,400 does not hold. A confirmed breakdown below this level could see ETH spiral toward $2,000, with $1,800 and $1,500 emerging as the next potential support zones.
If ETH is to recover, it must first break past the $2,500 resistance level, followed by $2,650. A clean breakout above these levels could reignite a rally toward $2,850 and eventually the $3,000 psychological barrier. However, given the current bearish macroeconomic sentiment, a sustained recovery remains uncertain.
Ethereum Market Sentiment – Is This a Buying Opportunity or a Trap?
Despite the ongoing bearish sentiment, some analysts believe Ethereum is in a healthy re-accumulation range. Crypto expert Wolf sees ETH’s sideways trading as part of a broader consolidation phase, arguing that the asset could still stage a strong recovery in Q2, potentially revisiting $4,000.
Meanwhile, Grayscale’s proposal to integrate staking into its Ethereum ETF has garnered attention, with some analysts suggesting this could drive significant institutional investment into the asset. However, the recent ETH price decline, coupled with a 70% surge in trading volume over the past 24 hours, suggests heightened volatility ahead.
For now, Ethereum remains at a critical inflection point. If buyers step in to defend $2,400, ETH could see a short-term rebound. However, failure to hold this level could open the door for a deeper correction, reinforcing the bearish narrative that has dominated in recent weeks.
JetBolt (JBOLT) Defies Market Trends – What’s Driving the Surge?
While Ethereum battles selling pressure, JetBolt (JBOLT) has emerged as one of the hottest altcoins in the market, with its presale surpassing 330 million tokens sold. Unlike ETH, which is struggling under regulatory scrutiny and declining institutional interest, JetBolt has captured investors’ attention with its zero-gas technology, AI-driven analytics, and revolutionary staking platform.
JetBolt’s zero-gas model allows users to conduct transactions without gas fees, making it an attractive choice for developers and retail investors alike. Additionally, the platform’s AI-powered crypto insights tool enables users to track Web3 news and market sentiment in real time, further enhancing its appeal.
Another key factor behind JetBolt’s success is its staking ecosystem, which offers users the chance to earn bonuses for engaging with the platform. Early investors can also benefit from presale perks, including a 25% token bonus for purchasing JetBolt’s Alpha Boxes.
With momentum on its side, JetBolt is rapidly gaining traction among crypto whales and retail investors, positioning itself as one of the most exciting projects in the space. As Ethereum struggles to regain momentum, JetBolt’s strong fundamentals and innovative features could continue driving demand for JBOLT tokens.
Ethereum vs. JetBolt – Which Asset Holds More Potential?
At present, Ethereum and JetBolt are on two completely different trajectories. While ETH is struggling to reclaim key resistance levels, JetBolt is seeing explosive growth in its presale. The question is: which asset holds more upside potential in the coming months?
Ethereum’s long-term fundamentals remain strong, but the recent Bybit hack, ETF outflows, and mounting regulatory pressures have cast serious doubts on its short-term prospects. If ETH can break past $2,850, the bull case remains intact, but failure to hold $2,400 could trigger a brutal correction.
On the other hand, JetBolt’s presale success signals strong investor confidence, with its zero-gas model and AI-driven analytics offering tangible advantages over existing blockchain projects. As more investors flock to early-stage opportunities, JBOLT could see continued price appreciation, especially as it transitions into public trading.
Final Thoughts – Is Ethereum a Buy, Sell, or Hold?
Ethereum is facing one of its toughest tests in recent years. The $2,400 support level is make-or-break, and a decisive move in either direction could set the tone for the next major trend. If ETH fails to hold support, a drop to $2,000 or lower is possible. However, if the bulls regain control above $2,500, a recovery toward $2,850 and $3,000 could be back on the table.
Meanwhile, JetBolt’s presale success showcases its potential as a high-growth altcoin, making it one to watch in the coming months. With its zero-gas technology and AI-powered analytics, JBOLT is quickly establishing itself as a major player in the crypto space.
For investors, Ethereum remains a hold, but caution is advised given its weak technical structure and declining institutional support. JetBolt, on the other hand, continues to see strong buying interest, suggesting it may have more upside potential in the near term.
