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CF Benchmarks Links ETH Price Increase to Short Covering as Bears Retreat

Ethereum’s recent rally above $2,600 is not a result of strong bullish conviction but rather a wave of short covering, according to CF Benchmarks CEO Sui Chung. The sharp upward move in ETH price began after an early April sell-off, yet data shows limited inflows into spot ether ETFs and a muted CME futures premium. … Read more

May 16, 2025 1:35 PM GMT+04 mins read

Archisha Mondal

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