The cryptocurrency market has continued its excellent start to the week as Bitcoin approaches the $82,000 psychological level. Ether, the second-largest cryptocurrency by market cap, is down by less than 1% in the last 24 hours but has held steady above $2,300 despite persistent bearish signals across key metrics. Derivatives data suggest a growing bearish bias Ether is trading above $2,360 at press time on Wednesday, down by less than 1% in the last 24 hours. The onchain supply metric shows that retailers have been strong distributors in the past week, with wallets in the bracket of 100-1K and 1K-10K ETH offloading roughly 820K ETH.
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