Ethereum (ETH) has been climbing—but is it real bullish momentum or just smoke and mirrors? According to CF Benchmarks CEO Sui Chung, the recent ETH rally is mostly powered by short covering—not fresh investor interest. 📉➡️📈
🔍 Key Highlights:
The CME Ethereum futures premium remains low, showing little bullish positioning from pros.
There’s been no major inflow into U.S.-listed spot Ethereum ETFs, despite market hype.
This points to traders closing shorts (betting against ETH) rather than institutions buying in.
In simple terms: Traders who bet against ETH are rushing to buy it back as prices rise—pushing the price higher, but without strong long-term support. 🚫📊
⚠️ What It Means:
This surge may not signal a true trend reversal. Until we see ETF inflows, futures demand, and institutional backing, the pump might not be sustainable. Stay sharp, not hyped! 🧠⚔️
Pro Tip:
Don’t chase the green blindly—wait for confirmation befor
e going all-in! ✅⏳