Ethereum (ETH) Price Prediction: Can the Pectra Upgrade Send ETH to $10,000?

Ethereum (ETH) price is trading at around $1,897 as the latest Pectra upgrade on May 7 brought attention to the potential of the world’s second-largest cryptocurrency to reach $10,000. Among the new features in the Pectra upgrade is account abstraction, which aims to simplify the user experience with the blockchain.

However, analysis by Marcel Pechman on Cointelegraph pointed out that the price action showed a lackluster response to the upgrade, which might be linked to buyers focusing more on macroeconomic concerns. This includes inflation and the risk of a recession, especially with the ongoing trade war.

"The price is still struggling to break through the $2,200 level, which is needed for a major price move," Pechman wrote in a recent analysis.

At the same time, the recent price trends also suggest that if the market conditions are favorable and if buyers manage to push the price above the $2,200 resistance, then we might see a rally in the making.

The Pectra upgrade is a technical leap toward enhancing the user experience and onboarding, which could be crucial for driving broader adoption of Ethereum.

"The new upgrade, Pectra, introduces modular account abstraction, simplifying user interaction with the blockchain," an FXLeaders report by Arslan Butt stated.

As the dust settles on the Pectra upgrade, attention shifts to the potential of this major network update to propel ETH to $10,000.

JetBolt (JBOLT) presale surpasses 350 million tokens sold

While Ethereum is rolling out innovations with its much-needed improvements through the Pectra upgrade, another crypto project, JetBolt (JBOLT), is making waves in the Web3 space with its presale.

Since launching its presale earlier this year, JetBolt has managed to sell over 350 million tokens, generating more than $3.2 million in sales. This success can be attributed to JetBolt’s groundbreaking features and practical use cases that have attracted early adopters.

One of the key features that set JetBolt apart is its zero-gas technology. Powered by the Skale network, JetBolt eliminates the gas fees typically associated with blockchain transactions.

Apart from this useful feature, JetBolt is packed with next-gen crypto tools. This includes an AI-powered news utility and a user-friendly staking platform. The AI-driven tool displays snippets of trending market developments and information. At the same time, JetBolt’s crypto-staking platform enables participants to earn additional rewards when they simultaneously stake and connect with friends.

Another highlight of the presale is the early-bird perks. Buyers can receive up to 25% extra tokens when they avail of Alpha Boxes or JBOLT tokens in batches.

As JBOLT token purchases continue to pile in, JetBolt is steadily building momentum with its advanced features and generous bonuses.