CF Benchmarks: Ethereum bear market has ended

Odaily Planet Daily News: Sui Chung, CEO of CF Benchmarks, stated that the recent price increase of Ethereum is mainly driven by short covering, rather than new long funds entering the market. He pointed out that the CME Ethereum futures premium is still at a low level, and there has been no significant inflow of funds into US listed spot Ethereum ETFs, indicating that the current rise is more due to traders closing short positions rather than the active layout of institutional investors. （CoinDesk）