Ethereum (ETH) is holding above $2,300 on Tuesday, up 0.8% on the day and more than 3% over the past week despite persistent bearish signals across key metrics. 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. This cohort also recorded major selling activity in the previous week, bringing their total distribution in the past two weeks to nearly 1.5 million ETH. Most of the recent distribution likely flowed from short-term holders, as evidenced by a steep decline in the 90-day Mean Coin Age ... (full story)