Odaily Planet Daily News: Coinbase Institutional Research Director David Duong posted on platform X, stating that ETH experienced a price increase last week primarily driven by technical factors. Analysis indicates that this surge reflects a significant number of traders in incorrect positions conducting short covering and subsequent position adjustments, causing ETH's price trend to catch up with other major tokens like BTC and SOL. However, David believes that despite this price performance, it may indicate that the market's willingness to allocate more broadly to ETH remains relatively limited.