CF Benchmarks: The Ethereum Bear Market Has Ended

Odaily News CF Benchmarks CEO Sui Chung stated that the recent price rise of Ethereum is primarily driven by short positions covering, rather than new long positions getting on board. He pointed out that the CME Ethereum futures premium remains low, and there has not been significant capital inflow into the US-listed spot Ethereum ETF, indicating that the current pump is more due to traders closing short positions than aggressive positioning by institutional investors. (CoinDesk)

ETH-2.91%
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