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Can Ethereum price rally past $2,400 as bullish metrics emerge?

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Ethereum balance on exchanges has dropped to an all-time low.

Ethereum price has formed a strong support at $2,100 as whales continue accumulating the asset. Now, a bullish pattern on charts hints at more potential upside over the coming sessions.

Summary

  • Ethereum held firm above the $2,100 support as whales accumulated over 750,000 ETH in the past 48 hours, signaling sustained buying interest.
  • The asset rebounded more than 3% as improved risk sentiment followed U.S.-led ceasefire efforts, with crude oil prices slipping below $90.
  • A cup and handle pattern has formed on the daily chart, with a breakout above $2,384 potentially opening the path toward the $3,000 level.

According to data from crypto.news, Ethereum bulls managed to fend off a drop below the 100 support amidst some market correction on Sunday, arising from broader macroeconomic uncertainty.

The largest altcoin subsequently rallied over 3% to $2,170 as investor risk sentiment improved after the U.S. attempted to negotiate a temporary ceasefire with Iran through diplomatic channels, which saw crude oil slide back under $90.

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Ethereum (ETH) price rebounded amid whale accumulation, which often sparks retail FOMO, who follow the smart money. Data from Santiment shows that whale wallets holding between 100 and 100,000 ETH bought over 750,000 ETH over the past 48 hours.

It also follows as Ethereum treasury company Bitmine continues to aggressively purchase more ETH as it nears its goal of owning at least 5% of the ETH supply, as earlier reported by crypto.news.

Another potential catalyst is the supply crunch. Notably, Ethereum exchange reserves have fallen to an all-time low of nearly 15 million. Depleting exchange reserves means investors could be moving assets to cold storage or staking them to earn passive rewards. Investors often see this as an incredibly bullish signal.

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Ethereum balance on exchanges has dropped to an all-time low.
Ethereum balance on exchanges has dropped to an all-time low | Source: CryptoQuant

The Ethereum Foundation, the non-profit dedicated to the ecosystem, is also working to mitigate threats posed by quantum computing. Reports indicate that the new roadmap aims to transition the network to quantum-safe cryptography for centuries of security.

On the daily chart, Ethereum price has formed a giant cup and handle pattern, a popular bullish continuation pattern in technical analysis. A break above the neckline of the pattern confirms the setup, usually resulting in sustained upside over the following sessions.

Ethereum price has formed a cup and handle pattern on the daily chart.
Ethereum price has formed a cup and handle pattern on the daily chart — March 25 | Source: crypto.news

In Ethereum’s case, the neckline of the pattern lies at $2,384. If bulls manage to breach through this level, ETH price could swing above $2,400 and much higher towards the psychological $3,000 mark as the measured move targets become active.

Technical indicators seem to suggest bulls still have plenty of gas in the tank. The Supertrend indicator has flashed green, a sign that the prevailing momentum has shifted in favor of the buyers, while the RSI has rebounded from neutral territory to suggest that there is still significant room for growth before the asset becomes overbought.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto World

Pump.fun Tightens Creator Fee Controls in New Update

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Pump.fun Tightens Creator Fee Controls in New Update

Memecoin launchpad Pump.fun introduced a new restriction on creator fee settings, limiting token deployers to a single post-launch change in how fees are distributed on the platform. 

In a post on X, Pump.fun co-founder Alon Cohen said the update aims to reduce “griefing” — where creators alter fee recipients after a token gains traction — and other forms of manipulation tied to fee redirection, where token creators can alter who receives fees after a coin gains traction. 

Under the change, each token will have one opportunity to redirect creator fees to a different wallet, after which the configuration becomes permanently locked. 

Pump.fun’s latest update follows a broader overhaul announced in January, when the platform acknowledged that its creator-fee model had skewed incentives by disproportionately rewarding token deployers over traders.

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Source: Alon Cohen

Pump.fun’s broader attempts to shift incentives to traders

On Jan. 10, the platform introduced changes like multi-wallet distribution and post-launch controls, aiming to improve transparency and better align rewards with trading activity. 

On Feb. 17, Pump.fun introduced “Cashback Coins,” requiring creators to choose at launch whether fees go to themselves or are redirected to traders, with that high-level model locked in once selected. 

The change aimed to rebalance the distribution of rewards between token deployers and traders. However, while the overall fee model was fixed at launch, creators or coin admins could still adjust the specific wallets receiving those fees and how they were distributed after a token went live.

Related: ‘Hawk Tuah’ girl Haliey Welch says memecoin implosion ‘traumatized’ her

This meant that even if the model didn’t change, the underlying recipients could, creating potential trust issues for traders. The latest update narrows that flexibility by allowing only a single post-launch change to fee recipients, after which the configuration is permanently locked.

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Early community reactions suggest the change may do little to address broader trading dynamics on the platform. X user gake said the change might not help much, while another user, tom, described it as a “drop in the bucket” that shows the team is at least acknowledging the issue.

Pump.fun activity drops as fees and volume fall year over year

Pump.fun’s shift in its incentive structure comes as its fees have declined from their peak. DefiLlama data shows that in January 2026, the platform recorded $31.8 million in fees, down about 75% from $148 million in January 2025, its best-performing month to date.

In February 2026, the platform recorded $25 million in revenue, down 66% from nearly $75 million in February 2025.

Pump.fun’s monthly revenue chart. Source: DefiLlama

The platform’s trading volume has followed a similar pattern. According to DefiLlama, Pump.fun recorded monthly volume of over $11.6 billion in January 2025, which fell to about $2.1 billion in January 2026, a decline of roughly 81%.

In February 2026, monthly volume totaled about $1.91 billion, down 68% from $6.1 billion in February 2025.

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