Ethereum Rallies Toward $2,300 Despite $800M Whale Exodus
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Ethereum (ETH) surged ~8% on March 16 to nearly $2,300 — its highest level since early February — signaling renewed price momentum and a broader crypto rally. Rally occurred even as large holders offloaded “hundreds of millions” in ETH, highlighting sell-side risk and potential volatility for DeFi/CEX liquidity and market adoption amid geopolitical tensions.
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On March 16, Ethereum (ETH) climbed to almost $2,300 for the first time since early February, posting an 8% gain in 24 hours.
This happened even as large holders kept offloading hundreds of millions of dollars worth of the token, as a broader crypto rally appeared to defy ongoing geopolitical tensions that have pulled traditional markets apart.
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