Ethereum is running into resistance, while crypto tries to find its footing. The Daily Breakdown digs in — and explores BAT and JTO.
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⚡ Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss Jito and Basic Attention Token.
Jito (JTO): Trading near $0.33 with a market cap of ~$156 million
Jito is a Solana-based liquid staking and Maximal Extractable Value (MEV) infrastructure protocol designed to make staking more flexible and block production more efficient. SOL holders can stake through JitoSOL, a liquid staking token that can be used across DeFi, while Jito’s MEV tools help validators optimize block construction and route value back to stakers. Its JTO token is used for DAO governance, including decisions around validator sets, rewards, and protocol upgrades.
Basic Attention Token (BAT): Trading near $0.10 with a market cap of ~$150 billion
Basic Attention Token is the utility token powering Brave, the privacy-focused browser launched in 2015 to block trackers and improve digital advertising. BAT serves as a unit of exchange between advertisers, users, and creators: advertisers pay for attention, users can earn BAT for viewing ads, and publishers can receive BAT for content. While Brave helps maintain the browser and network, BAT is used by a broad community and does not provide dividends, equity, profit-sharing, or ownership rights in Brave Software.
Check out these three crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist. JITO and BAT are not currently available for NY users. Learn more.
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The Setup — Ethereum
Not long ago, the $2,150 mark was resistance for Ethereum, but since clearing that level, we’ve seen new resistance near $2,400. Technical investors will be watching this level on the upside, as well as uptrend support (the blue line) on the downside. Sentiment has improved from the February lows, but still remains fragile after ETH’s big correction over the past two quarters.
Options
For investors who can’t trade or aren’t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the Ethereum front, ETHA remains the largest ETF by assets, while also supporting options trading.
Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration.
For those looking to learn more about options, consider visiting the eToro Academy.
What Wall Street’s Watching
QQQ
After a strong finish to last week and another solid showing on Monday, US stocks are under pressure on Tuesday with the QQQ ETF down more than 1% in pre-market trading. Tech will be a major focus this week, with Apple, Amazon, Alphabet, Meta, and Microsoft all reporting earnings. Check out the chart for QQQ.
BTC
Bitcoin 2026 is kicking off in Las Vegas this week and attendees are hoping Bitcoin can find some bullish momentum. Instead though, BTC is falling for a second straight day and is down more than 3% in that stretch. Technically, it’s contending with the $79,500 level, which is roughly last week’s high. Dig into BTC.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.