Ethereum briefly reclaimed the $2,300 mark on February 2 before easing slightly, signaling some recovery after steep losses driven by large-scale market transactions.
On February 2, Ethereum momentarily rose above $2,300, peaking briefly before settling at $2,293.42, narrowing its 24-hour loss to 0.94% according to HTX market data. This rebound comes after February 1’s sharp drop to $2,299.31, when ETH declined 9.27% amid heavy market volatility sparked by a 100,000 ETH deposit to Binance by a prominent BTC whale. Bitcoin also experienced losses during the prior session, falling below $77,000. The slight recovery suggests that market pressure from large trades may be easing, though volatility remains elevated.