$ETH As the crypto world ushers into the new year, all eyes are on Ethereum’s price action, whether ETH could smash $5,000 amid recent market downturn sparked by the Fed’s rate cut. Meanwhile, a new player JetBolt (JBOLT) has burst into the crypto scene with zero-gas technology and other innovative Web3 features, driving its presale success to surge over 200 million tokens sold since its launch.

Could Ethereum hit $5,000 in 2025 as JetBolt’s presale skyrockets? What could fuel Ethereum to reach its new year target? As the blockchain world braces for the coming year, let’s explore the unfolding sentiments surrounding Ethereum’s trajectory alongside JetBolt’s ascent.  

Ethereum: Could ETH smash $5,000 in 2025?

Earlier in the year, Ethereum (ETH) posted a 47% growth. Driven by the SEC’s approval of Ethereum spot ETFs in May, institutional investors increased and ETH’s price climbed by 24.7%.

But then, Ethereum experienced a significant drop following the U.S. Federal rate cut that led to a market-wide slump. Ethereum dropped to below $3,100 for the first time in 29 days, marking a shift from its best performance in December, when it reached a yearly-high of $4,106 on December 16th. However, Ethereum's all-time high of $4,877, achieved in 2021, still remains unbroken. 

Ethereum's price slightly dipped again in the last 24 hours, settling at its current price of $3,300.74. Despite these fluctuations, ETH continues to hold its ground, maintaining a strong presence in the DeFi space, with a Total Value Locked (TVL) of nearly $67 billion. As per data from DeFiLlama, Ethereum accounts for over 55% of the cumulative market TVL.

quoted from Africa tech