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Ethereum (ETH) Could Rally by Double Digits if This Key Condition Is Met

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ETH Supply on Exchanges


Can ETH make a decisive comeback, or will the bears intercept the move?

The second-largest cryptocurrency has performed quite well lately, with its price soaring by nearly 10% over the past two weeks.

A number of popular analysts see potential for further gains, though they emphasize that holding critical support levels will be essential.

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$2,500 and Beyond?

Ethereum (ETH) briefly climbed to a monthly peak of almost $2,200 before slightly retreating to the current $2,120 (per CoinGecko’s data). According to the renowned crypto commentator Ali Martinez, the asset “looks ready to break out” and is pressing at the upper boundary of a channel. He believes a sustained close above $2,147 could open the door to a more substantial rise to $2,335 or even $2,542.

Shortly after, Martinez made another ETH-related remark, claiming that the MVRV pricing bands show the asset has reached a level that has historically aligned with market bottoms.

X users Ted and Investor Jordan are also optimistic. The former suggested that a daily close beyond $2,150 could trigger a rally towards the $2,400 zone. At the same time, he warned that failure to do so would result in a retest of the $2,000 psychological level. For their part, Investor Jordan argued that ETH is starting “to warm up,” adding they are “disgustingly bullish” on the cryptocurrency right now.

Some on-chain indicators support the scenario of a further increase. The supply of ETH stored on exchanges, for instance, today (March 5), plummeted to around 15.93 million tokens, the lowest point since the summer of 2016. This development suggests that an increasing number of investors are abandoning centralized platforms and moving their holdings to self-custody, thereby reducing immediate selling pressure.

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ETH Supply on Exchanges
ETH Supply on Exchanges, Source: CryptoQuant

The Journey South Begins Again?

Other market observers, like X user Emirhan, presented rather pessimistic outcomes. They outlined 2,109 as a key level, assuming a break below could lead to a drop to under $1,900.

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Moreover, ETH’s Relative Strength Index (RSI) temporarily crossed the bearish 70 threshold. The indicator helps traders spot potential reversal points by measuring the speed and magnitude of recent price changes. Readings around and above 70 signal that the asset has become overbought and could be headed for a pullback, whereas anything beneath 30 is seen as bullish territory.

ETH RSIETH RSI
ETH RSI, Source: CryptoWaves
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Crypto World

WhiteBIT Coin ($WBT) Officially Listed on Kraken Exchange, Highlighting Its Growing Recognition

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WhiteBIT Coin ($WBT) Officially Listed on Kraken Exchange, Highlighting Its Growing Recognition

[PRESS RELEASE – Vilnius, Lithuania, March 5th, 2026]

WhiteBIT, the largest European cryptocurrency exchange by traffic, announces that its native WhiteBIT Coin (WBT) is now trading on Kraken, one of the world’s long-standing crypto platforms. WBT trading is available on WBT/EUR and WBT/USD pairs, giving more traders worldwide access to the coin and reflecting the asset’s growing recognition in the market.

The listing marks a significant milestone for WhiteBIT, following rapid growth in 2025, during which WBT surged 160%, reaching an all-time-high of $64.11 and solidifying its position as the 11th-largest cryptocurrency by market capitalization at $10.7 billion, according to CoinGecko.

“Listing WBT on Kraken represents a logical next step in the expansion of the WhiteBIT ecosystem,” said Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is a part of. “It reflects the momentum we’ve built through ecosystem growth, strategic partnerships, and increasing institutional visibility. It’s another important endorsement of WBT’s value and its role in the future of digital finance.”

This momentum has been powered by the expansion of the W Group ecosystem, which WhiteBIT is a part of, including:

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  • High-profile partnerships, such as the collaboration with Juventus, making WhiteBIT the club’s Official Sleeve and Cryptocurrency Exchange Partner.
  • Global market expansion, with new operations in South America and the United States.
  • Strategic cooperation in the Middle East, including partnership with Saudi Arabia to develop blockchain infrastructure and CBDC framework.
  • Institutional recognition, including WBT’s inclusion in the S&P Crypto Indices, reflecting the token’s growing liquidity and market relevance.

Launched in 2022, WhiteBIT Coin (WBT) is the native utility token of the WhiteBIT platform. It offers significant advantages within the WhiteBIT exchange ecosystem, including reduced trading fees (up to 100% discount), increased referral bonuses (up to 50%), and free daily withdrawals. Users also gain from free AML checks, staking rewards up to 22.1%, and exclusive access to new projects via the WhiteBIT Launchpad.

The addition of WBT to Kraken not only expands access for traders worldwide but also reinforces WhiteBIT’s commitment to developing a globally recognized exchange-native coin that delivers utility, liquidity, and long-term value.

About WhiteBIT

WhiteBIT is the largest European cryptocurrency exchange by traffic, offering over 900 trading pairs, 350+ assets, and supporting 8 fiat currencies. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Juventus and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.

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SEC, Justin Sun Settle Lawsuit for $10M

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SEC, Justin Sun Settle Lawsuit for $10M

The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement.

The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations.

The SEC said in a letter to a Manhattan federal court on Thursday that Rainberry, one of Sun’s companies, would pay a $10 million fine, and claims against Sun and his companies, the Tron Foundation and BitTorrent Foundation would be dropped.

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Related: Rep Waters demands SEC oversight hearing about its approach to crypto

The lawsuit, first filed in March 2023, accused Sun and his companies of selling unregistered securities via the Tronix (TRX) and BitTorrent (BTT) tokens and allegedly wash trading TRX.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

This is a developing story, and further information will be added as it becomes available.

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